Page 18 - Energy Management Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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 considered last year with a higher limit but was lowered to get the support of the Senate Finance Commi...

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 Governor’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, and government modernization, among others. As part of the one-time investments, makes a down paym...

Tue, 01/26/2021 - 5:16pm -- tim Vermont Business Magazine Several community and business organizations have weighed in on Governor Scott's 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 Fiscal Year 2022 budget address delivered today, Governor Scott proposed a $20 million increase in f...

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 − incited to undermine our Constitution and overturn the results of a free and fair election. In the end, the Constitution was followed, and truth and democracy prevailed. But we cannot pretend it didn’t happen or sweep it under the rug. The vi...

Tue, 12/29/2020 - 2:06pm -- tim Vermont Business Magazine President Donald Trump signed into law on Sunday night a government funding bill that included energy efficiency provisions championed by Representative Peter Welch, and an important Medicaid fraud bill that he introduced this Congress. The bill also funds the government for the remainder of fiscal year 2021. The legislation includes several provisions Welch led during the 116 th Congress that are now law. Specifically, it includes the following Welch-led energy efficiency initiatives: Provisions from the Biomass Thermal Utilization (...