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Vermont

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    • Headlines

      Williams Report - July 21, 2014

      State Budget Solutions | by Bob Williams | July 21, 2014

      The Williams Report is BACK after a one week hiatus. Be honest, you missed it! Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob. 

    • Headlines

      States with budget surpluses may not really be in the black

      State Budget Solutions | by Joe Luppino-Esposito | July 17, 2014

      State Budget Solutions tracks the claimed surpluses of state budgets and explains why there is more than meets the eye.

    • Headlines

      States Push Annual Park Passes to Raise Revenue

      Stateline | by Sandy Johnson | May 23, 2014

      As the Memorial Day holiday opens the 2014 summer vacation season, state parks have had to get creative about ways to raise money because budget officers are being chintzier with tax revenue.

    • Headlines

      Revenues in half the states still haven't recovered

      The Washington Post | by Niraj Chokshi | May 20, 2014

      In 26 states, revenues today are lower than they were at their early-recession peak, according to a new Pew analysis.

    • Headlines : Vermont

      Legislative wrap: State budget grows by 4.1 percent

      VT Digger | by Hilary Niles | May 16, 2014

      The $5.5 billion price tag is about 4.1 percent more than the current year, which ends June 30.

    • Headlines

      Fitch: State pension plans' funding climbs in 2013 despite low contributions

      Pensions & Investments | by Rob Kozlowski | May 15, 2014

      While the funding ratios of U.S. state defined benefit pension plans improved in fiscal year 2013, significant challenges remain, according to a Fitch Ratings report.

    • Headlines

      At least 7 states are expected to miss their budget forecasts this year

      Washington Post - GovBeat | by Niraj Chokshi | May 9, 2014

      All but seven states are expected to meet or beat budget forecasts by the time this fiscal year is over, according to a survey of state legislative fiscal officers in every state, the District of Columbia and Puerto Rico.

    • Headlines

      Richard Ravitch: State fiscal crises aren't over

      Newsday | by Michael Gormley | April 25, 2014

      Former Lt. Gov. Richard Ravitch, who helped New York City escape bankruptcy 40 years ago, warned Wednesday that the fiscal crisis isn't over in New York and other states, despite election year plans to cut taxes and spend more.

    • Headlines

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • Headlines

      Pace of pension reform ebbs after 49 states change laws

      Hazel Bradford | by Pensions & Investments | April 15, 2014

      While the sense of urgency has diminished, reform attempts have become a legislative staple, as public retirement systems continue to grapple with unfunded liabilities and political pressure to change.


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    • Budget timeline: Annual  

      Fiscal Year starts: July 1

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.


      VT Gov ShumlinGov. Peter Shumlin
      109 State Street
      Montpelier, VT 05609
      Phone: (802) 828-3333
      Fax: (802) 828-3339
      http://governor.vermont.gov/

       

       

       

       

      James Reardon, Commissioner
      Department of Finance & Management
      Pavilion Office Building, 109 State Street
      Montpelier, VT 05609-0401
      Phone (802) 828-2376
      http://finance.vermont.gov/
      jim.reardon@state.vt.us

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

      No "balanced budget" requirement was found for the state of Vermont. However, Chapter 5, Section 308 of the State law creates a "budget stabilization trust fund" to offset any fund deficits for that fiscal year. Vermont law permits the carrying over of a deficit from one year to the next.

       

      The State reports eighteen governmental funds of which six are classified as "major" governmental funds. These major funds are the General Fund, Transportation Fund, Education Fund, Special Fund, Federal Revenue Fund and Global Commitment Fund. The State began reporting the Global Commitment Fund in FY06. Prior to this, it only reported seventeen governmental funds. Each year, Vermont budgets all of its major governmental funds which is evident from the minor difference between actual and budgeted figures (revenues and expenditures).  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

       

      Ethan Allen logo

      Ethan Allen Institute


    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.

    • Solutions

      The Case for Reform: Adult Probation

      Right on Crime | August 1, 2012
    • Solutions

      Solutions to the public pension crisis

      State Budget Solutions | by Bob Williams | August 1, 2012

      Public pensions at the state and municipal levels are unsustainable in their current form.  State Budget Solutions' recent study by Andrew Biggs found that public pensions are underfunded by $4.6 trilion. Here we offer solutions to the pension crisis

    • Solutions: Maryland, Nevada, Oregon, Vermont, Washington, Alaska, Michigan

      State Budget Solutions with Bob Williams

      May 7, 2010

      Video of Bob Williams addressing the underfunded state pension fund problem facing so many states.  He states that the public cannot afford the benefits and suggests defined contribution programs as a solution.