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House restores existing auto‑escalation cap for Vermont Saves in appropriations amendment
Summary
The House accepted an amendment to H.493 that removed a proposed change to the Vermont Saves auto‑escalation cap, delaying a Treasurer’s office policy change for review by the Government Operations Committee; the appropriations bill passed after the amendment.
House members on March 31 approved an amendment to H.493 that removes language changing the Vermont Saves automatic escalation maximum from 8% to 10% and referred the policy change for further review.
Member from Northfield, who introduced the amendment, said the change to the auto‑escalator had been added to the appropriations bill…
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