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Appropriations panel hears budget adjustment proposal that reserves $75 million for property tax relief
Summary
Finance officials told the House Appropriations Committee the administration has about $120–121 million in available revenue and proposes roughly $46–48 million in new appropriations while reserving $75 million for property tax relief in FY27.
The Vermont House Appropriations Committee on Tuesday reviewed the administration’s Budget Adjustment Act proposal, which would allocate newly available revenue and adjust existing appropriations ahead of the governor’s January budget speech.
Commissioner Adam Greshen of the Department of Finance and Management told the committee the administration estimates “approximately a 120,000,000 or so of available revenue,” coming from an upgraded revenue forecast, unallocated revenue left from the general fund and reversions. He said the proposal would add…
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