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VERMONT

Vermont

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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


    • State Debt :

    • HEADLINES

      State Budget Shortfalls Update - January 28, 2015

      State Budget Solutions | by Bob Williams | January 28, 2015

      State Budget Solutions is tracking the budget shortfalls, as reported by government agencies and governors in every state. Some of these deficits are immediate problems, while others are long term problems that need to be tackled sooner than later.

    • HEADLINES: Colorado, Missouri, Vermont, Utah, Virginia

      Williams Report - October 20, 2014

      State Budget Solutions | by Bob Williams | October 20, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • HEADLINES: California, Illinois, Michigan, Missouri, New Jersey, Utah, Vermont, Virginia, Washington

      Williams Report - September 15, 2014

      State Budget Solutions | by Bob Williams | September 15, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • HEADLINES: California, Connecticut, Iowa, Kansas, Louisiana, Maryland, New Jersey, New York, North Carolina , Vermont, Virginia, Washington, Wisconsin

      Williams Report - August 19, 2014

      State Budget Solutions | by Bob Williams | August 19, 2014

      Join us on Twitter today by following @StateBudgets and tweeting with the hashtag #SBSBob.

    • HEADLINES: Illinois, Indiana, Kentucky, Michigan, Nebraska, New Jersey, North Carolina , South Dakota, Texas, Vermont, New York, Pennsylvania, Oregon

      Williams Report - July 29, 2014

      by Bob Williams | July 29, 2014

      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

      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

      New data reveals amount of federal aid to states in 2012

      State Budget Solutions | by Joe Luppino-Esposito, Shannan Younger | January 28, 2014

      Surprised to learn that state governments combined received 31.6% of their general revenue from the federal government in 2012, with one state getting a whopping 45.4% from the feds? Click here to learn what percentage of your state's general revenue came from Washington, D.C.

    • HEADLINES

      How states spend their cash, in 5 maps

      Washington Post - GovBeat | by Niraj Chokshi | January 24, 2014

      States spent more than they made for the third time in four years, according to new Census data.


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    • 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.