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Vermont Legislative Update 02-05-2021 - An analysis from DRM's Government & Public Affairs Team | Downs Rachlin Martin PLLC

Project based TIFs would expand rural redevelopment The Senate Committee on Economic Development, Housing and General Affairs is considering S.33, a bill that would allow more towns to apply for project-based tax increment financing. TIFs allow municipal governments to fund new private infrastructure projects through the anticipated tax revenue that results from the new projects. S.33 would create a pilot program limited to six projects with a $1.5 million cap per application. This bill was con...
United States Town Of Westford Mike Sirotkin Brittney Wilson Heidi Scheuermann Phil Scott

Governor's $6.8 billion budget and $210 million economic recovery plan

Key Budget Items (click HERE for full Summary): Supports FY2022 total General Fund appropriations of $1.99 billion. Supports base spending with base funding. Fully funds state retirement and debt obligations. Maintains all statutory reserve levels. As part of the Governorโ€™s ongoing pandemic response, he proposes using $210 million in one-time funding for economic recovery through investments in housing, infrastructure, broadband buildout, environmental stewardship, carbon reducing initiatives...
Bellows Falls United States Green Mountain Burlington High School Springfield Jones Lamson Better Places Initiative

Advocates weigh-in on Scott's budget proposals

Tue, 01/26/2021 - 5:16pm -- tim Vermont Business Magazine Several community and business organizations have weighed in on Governor Scotts budget address, in which he outlined his plan for spending $6.8 billion. The governor has proposed using $210 million in one-time money on one-time initiatives. Much of that funding is going toward state technology upgrades, housing investments and economic opportunity. Governor Scott Proposes Funding Increase for Vermont Housing & Conservation Board In his F...
United States Neale Lunderville Gus Seelig Phil Scott Shawn Shouldice Lauren Hierl

Governor Scott delivers $6.8 billion FY22 budget address

Governor Phil Scott FY22 Budget Address Tuesday, January 26, 2021 Madam President, Madam Speaker, Madam Pro Tem, Mr. Chief Justice, members of the General Assembly and fellow Vermonters: Last week, Joseph R. Biden was sworn in as our 46th President. This peaceful transfer of power was in stark contrast to the violent insurrection two weeks earlier โˆ’ incited to undermine our Constitution and overturn the results of a free and fair election. In the end, the Constitution was followed, and truth...
United States Hogback Mountain Chittenden County Bellows Falls Vermont State Police Island Pond

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