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Committee agrees to use reverted treasurer funds for municipal flood grants; housing funding debated
Summary
The committee agreed to reallocate $1.8 million — proposed from reverted treasurer bond-redemption funds — to municipal flood grants (including Addison County events) and debated whether to place additional housing monies on the FY25 bottom line or release them now for awards.
Senate Appropriations members agreed to move forward with a proposal to provide roughly $1.8 million to municipalities affected by 2024 flood events, using funds the committee planned to revert from the Treasurer’s bond-redemption appropriation rather than drawing on the pilot fund.
Staff explained $200,000 had been appropriated previously for Addison County flood grants but proved insufficient once final damage tallies were completed; the full amount needed for Addison-related grants was described as about $350,000 and…
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