Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ways & Means hears report: Vermont reserves strong, stress-testing practices limited
Summary
State financial advisors told the Ways and Means Committee that Vermont’s statutory reserve levels compare well with high-rated states, but recommended developing regular multiyear stress testing and careful monitoring of a new childcare contribution special fund that received an $8,000,000 initial transfer.
The Ways and Means Committee on Friday, Jan. 31 heard a presentation on a state reserve study and a stress-testing report that found Vermont’s statutory reserve practices are broadly strong but recommended building more formal stress-testing processes and closer monitoring of the newly created childcare contribution special fund.
The report was presented by Steve Wislawski, managing director with Public Resources Advisory Group, and introduced by Ashlyn Dohatt, director of policy in the State Treasurer’s Office. Wislawski told the committee, “Vermont does a very good job with this,” and described the state’s practices as “generally aligned with those of the highest … states with the highest credit ratings.”
Why it matters: Committee members flagged heightened uncertainty after a temporary pause in federal funding flows and asked how the state’s reserves and forecasting practices could protect core…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
