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Transportation committee says $20 million JTOC transfer will remain in transportation budget
Summary
Committee members reported that the Joint Fiscal Office transfer of $20 million will not be moved out of the transportation fund this year and discussed related T‑bill sections including town highway funding and escalator language.
The Vermont House Transportation Committee met Wednesday, March 13, and members said the Joint Fiscal Office (JFO) transfer of $20,000,000 will remain in the transportation budget for the current year, averting an immediate loss of project funding.
Committee chair Walker opened the session with an update on the committee's T‑bill work and said the House Appropriations Committee agreed not to carry out the JTOC transfer, meaning “the JTOC transfer money is staying in the transportation budget and not going over.”
The decision matters because, committee members said, the $20 million had been the committee’s top budget priority to keep projects moving. Chair Walker and other members described that outcome as the result of sustained negotiation with the JFO and…
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