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House adopts FY26 budget, approves contingency and one‑time tax relief and sends H.493 to governor
Summary
The Vermont House adopted the fiscal year 2026 committee of conference report (H.493) and ordered the bill delivered to the governor after a 132–3 roll call. The package moves one‑time money to stabilize property taxes, sets aside contingency reserves for potential federal fund cuts, and preserves $2.5 million in unspent revenue.
The Vermont House of Representatives adopted the committee of conference report for the fiscal year 2026 budget, voting 132–3, and ordered House Bill 493 delivered to the governor forthwith. The chamber approved the conference report after extended debate about one‑time revenue, federal funding risks and targeted reservations for education and emergency response.
The conference report, negotiated by six conferees and reported unanimously by the committee of conference, transfers $77,200,000 to the education fund to help stabilize property taxes for one year, removes a previously planned $20,000,000 JTOC transfer to the transportation fund, and leaves roughly $2,500,000 of available revenue unspent as a contingency. The agreement also sets aside $50,000,000 for the Agency of Administration to transfer to the…
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