Department of Finance and Management

Recent Posts

Scott picks Rep. Adam Greshin as Finance commissioner

MONTPELIER — Rep. Adam Greshin, an independent from Warren, has been appointed by Republican Gov. Phil Scott as commissioner of the Department of Finance and Management. The 56-year-old Greshin was first elected to the Vermont House in 2009 where he has represented the towns of Warren, Waitsfield, Fayston, Moretown and Duxbury. He replaces Andrew Pallito, who departs Friday to become the director of health system finances for the Green Mountain Care Board, the state’s health care regulatory body. “Adam is a valuable addition to our administration and with his business and legislative experience, brings a wealth of knowledge and understanding of the needs of Vermonters, as well as the critical need for fiscal responsibility, to the position,” Scott said in a statement. “His experience on House Education and Health committees also give him important insight into the state’s largest expenditures as we look to make the best use of taxpayer dollars in those areas and beyond.”

The Department of Finance and management, and the commissioner, help the governor craft the state budget and track state financial information. Continue Reading →

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Finance commissioner to depart at end of fiscal year

MONTPELIER — Vermont Department of Finance and Management Commissioner Andrew Pallito is planning to leave his post at the end of the current fiscal year for a position with the Green Mountain Care Board. Rebecca Kelley, spokeswoman for Republican Gov. Phil Scott, confirmed Monday that Pallito is planning to work for the administration through the end of June before departing. “He is leaving but he is committed to seeing the budget process through. He will continue to work with us on that and will be with us through the end of the fiscal year,” Kelley said. “There should be no change in how we’re moving forward on the budget process.”

Pallito did not return phone and email messages Monday, but Susan Barrett, the board’s executive director, said Pallito has accepted a position to become the director of health system finances for the Green Mountain Care Board, the state’s health care regulatory body. Continue Reading →

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State budget talks: Input wanted

State budget talks begin tomorrow, and the state wants your input. A draft copy of the presentation is available here, and an edited press release follows:

The first of two public forums occurs tonight to discuss the state budget process, revenues and expenditures. As required by state legislation, public participation is required in the development of budget goals and general prioritizing and evaluation of spending and revenue initiatives. “We hope to engage the public in a discussion about the goals, opportunities and complexities of putting together the State budget,” Finance & Management Commissioner Jim Reardon said in a statement. “We’ll discuss revenues and expenditures and conduct a budget exercise about priorities for how state funds might be directed.” Continue Reading →

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