Vermont Budget

IN FOCUS
June 15, 2017

The state’s 2018 fiscal year hasn’t started yet, and already the administration is considering cuts. Vermonters deserve to know what’s at stake and have a chance to consider alternatives.

Vermont’s 2017 fiscal year ends on June 30. Technically, because of a gubernatorial veto, the state doesn’t have a budget yet for next year, but should have one in place after the June 21 special legislative session and before the end of the month. Nevertheless, Gov. Phil Scott’s administration is making contingency plans to cut spending for fiscal 2018, which will start on July 1.

At this point, it appears the administration is being cautious. Both the administration and the Legislature’s Joint Fiscal Office anticipate that the economists who forecast state revenues will lower their estimates for the coming year. Late last month, the commissioner of finance and management asked various agencies and departments in state government to develop plans for absorbing cuts of 2 to 4 percent.

Publications

Stay out of the swamp
5/23/17 - Blog
Budget numbers
3/31/17 - Blog