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Governor’s budget would tap Higher Education Endowment Trust Fund for $15 million UVM project, committee told
Summary
Treasury staff told a legislative committee on Jan. 30 that the governor’s budget proposes taking $15 million from the Higher Education Endowment Trust Fund to help pay for a UVM sports complex and would change the fund’s revenue routing; officials said such a change would require statutory modification.
A legislative committee heard detailed briefings from the treasurer’s office on Jan. 30 about a governor’s budget proposal that would direct $15,000,000 from the Higher Education Endowment Trust Fund toward a University of Vermont sports complex.
Deputy Treasurer David Chair, representing the treasurer’s office, confirmed the governor’s proposal as described to the committee: “They are the governor is proposing in the budget to pay $15,000,000 out of the fund and put it towards [a] sports complex at UVM,” a committee member relayed during the hearing.…
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