Vermont Senate approves sustainable infrastructure fund amid loan concerns

Concerns over Vermont's infrastructure funding took center stage during the Senate session on May 30, 2025, as lawmakers debated the implications of a proposed revolving loan fund. A senator raised alarms about language in the sustainability plan that could allow the Vermont bond bank to convert loans into forgivable grants, which would undermine the fund's revolving nature.

The senator emphasized that the original intent was for the $7.5 million fund to operate as a revolving loan, providing ongoing financial support for infrastructure projects. However, the potential shift to forgivable loans raised questions about decision-making processes and accountability. "I just wanted to express my concern about that," the senator stated, highlighting the need for clarity on how such decisions would be made.

Following this discussion, the Senate moved to accept the report from the Committee of Conference on Senate Bill 127, indicating a willingness to proceed despite the concerns raised. The session also touched on other legislative matters, including amendments related to cannabis, but the focus remained on the implications of the infrastructure funding decisions.

As the Senate continues its work, the discussion around the sustainability fund underscores the importance of maintaining the integrity of financial mechanisms designed to support Vermont's infrastructure. Lawmakers may need to revisit this issue in the future to ensure that the fund operates as intended.