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Senate removes $136 million BAA carryforward; staff: Senate uses different year‑end closeout construct
Summary
The House had reserved $136 million from FY25 to carry into FY26 in BAA language; staff told the committee the Senate struck that reservation and instead directed carryforward differently in its drafting, including an unallocated carryforward amount and rainy day/pension split under 32 VSA §308.
House BAA language had reserved $136,000,000 of FY25 funds to carry forward into FY26; the Senate removed that language when the BAA did not pass and instead uses a different year‑end closeout approach, staff told the House Appropriations Committee on May 1.
“Section 54, FY25 reserves. This was amending a number, that the house reserved in the BAA to carry forward into FY26, so that hundred and $36,000,000 figure. That's removed entirely, because the senate has a different year end closeout construct,” Grady Nixon said.
Nixon further explained the Senate added language in its draft directing the commissioner of finance and management to designate a specified first portion of remaining funds as unallocated carryforward and to reserve remaining funds in accordance with 32 VSA §308(c), which addresses the rainy‑day fund/pension split.
Staff emphasized that the working reconciliation is a draft compiled from annotated copies and that members should confirm the final numbers in the Senate addendum or House as‑passed bill.
