Vermont state budget (2011-2012)
| Note: This article was last updated in 2012. Click here for more recent information on state budgets and finances. |
Vermont faced a fiscal year 2012 budget deficit of as much as $176 million.[1][2]
In December 2011, Governor Peter Shumlin's administration proposed $25.5 million in adjustments to the General Fund spending plan that lawmakers approved in the spring of 2011, with $24.8 million of the new costs attributed to Tropical Storm Irene.[3] The $25 million in costs included $690,000 for supplies and equipment used by National Guard personnel in responding to the emergency to $1.75 million for cleaning up spills of petroleum products caused by flooding. The state did not plan to raise taxes to cover the increased spending.[4]
Legislative proposed budget
The bipartisan House Appropriations Committee unanimously approved its $4.8 billion budget bill on March 21, 2011.[5]
Governor's proposed budget
On January 25, 2011, Gov. Shumlin presented his proposed fiscal year 2012 budget, with $1.2 billion in general fund spending, which was a $25 million reduction from fiscal year 2011 general fund spending.[1]
Cuts
The budget made $83 million in cuts to the general fund.[1]
Footnotes
- ↑ 1.0 1.1 1.2 Bloomberg, "Vt.'s new governor presents budget plan," January 26, 2011
- ↑ The Bennington Banner, "Shumlin aims at saving $12M," January 7, 2011
- ↑ The Burlington Free Press, "Irene rains on Vermont state budget," December 12, 2011
- ↑ CBSNews.com, "Vt. gov. wants $25M more to cover Irene damages," December 13, 2011 (dead link)
- ↑ The Burlington Free Press, "House committee sends out $4.8 billion state budget," March 22, 2011
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