Vermont Business Magazine The Administration will present its transportation budget rescission plan to the Legislative Joint Fiscal Committee at the Committee’s scheduled meeting starting at 10:05 am in the Ethan Allen Room of the State House on Thursday, September 15, 2016. A public hearing will be held following the Administration’s presentation. At the Emergency Board meeting held in July, an updated FY2017 revenue forecast was adopted that is $2.8 million less than the forecast used to construct the FY2017 budget adopted by the Legislature. Pursuant to 32 V.S.A. § 704(b)(1), the Agency of Transportation (VTrans) submitted a plan to realign appropriations with the reduction in the Transportation Fund Revenue.
Most of the budget cuts will not impact actual projects mostly because of savings related to lower materials costs and some carry-forwards from FY16. The one exception is the local paving budget (Town Highway Class 2 Roadway), where $400,000 was cut. According to state documents, that money will be restored in next year's (FY18) budget.
The Committee will take testimony on the Governor’s Proposed FY 2017 State Transportation Budget Rescission Plan at 10:20 am. Anyone interested in testifying should come to the hearing. Time limits on testimony may apply depending on volume of participants.
For more information about the format of this event or to submit written testimony, e-mail Theresa Utton-Jerman at the Joint Fiscal Office: [email protected], or call: 802-828-5767 or 802-828-2295; or fax: 802-828-2483.
To view the Governor’s Proposed FY2017 Rescission Plan, go to www.leg.state.vt.us/jfo.
Source: Joint Fiscal Committee 9.2.2016