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Committee reviews rescission rules and emergency authorities amid federal funding uncertainty
Summary
Agency officials reviewed statutory rescission procedures, thresholds for administrative action, and emergency-board authority as the Legislature considers how to respond if federal funding reductions (particularly Medicaid) materialize.
Catherine Reynolds of the district office briefed the Senate Appropriations Committee on March 28 about existing Vermont statute and practice for managing revenue shortfalls when the Legislature is out of session.
Reynolds outlined tiered mechanisms built into current law: if the emergency board's most recent revenue forecast shows a reduction of 1 percent or less, the secretary of administration may prepare an expenditure-reduction plan. Under that 1%-or-less scenario, the secretary may reallocate appropriations but may not reduce a single appropriation line by more than 5 percent without additional approvals, and the plan must be filed with the Joint Fiscal Office. Reynolds told senators that such plans are filed with Joint Fiscal but are not subject to automatic approval by the Joint Fiscal Committee under the statute as written.
If the revenue reduction exceeds 1 percent and is up…
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