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Treasury reiterates cautious capital plan, CDAC recommends $50M per year for biennium
Summary
The state treasury briefed the committee on debt metrics and the Capital Debt Affordability Committee's recommendation: $50 million for FY26 and $50 million for FY27. Treasury staff emphasized pension and OPEB liabilities and warned against issuing more debt than the state can deploy given contractor and federal funding timing.
Jeremiah Breer, chief financial officer at the state treasury, briefed the House Corrections & Institutions Committee on the Capital Debt Affordability Committee's (CDAC) fall recommendation and Vermont's debt profile.
Breer said CDAC recommends $50 million for fiscal 2026 and $50 million for fiscal 2027, a cautious level based on the state's debt‑per‑capita and…
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