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Treasurer seeks $214.2M budget; proposes temporary unclaimed‑property tweak to sustain Vermont Saves
Summary
State Treasurer Mike Dietzak presented a roughly $214.2 million FY27 budget, outlined a plan to temporarily reroute small unclaimed‑property transfers to support Vermont Saves (5,400 accounts, ~$5.2M saved), requested actuarial funds for a pension task force, and sought staff for a growing unclaimed‑property workload.
State Treasurer Mike Dietzak told the Senate Appropriations committee the treasurer’s office governor’s‑recommended FY27 budget is about $214.2 million and described several programmatic asks and operational pressures, including a sustainability gap for the Vermont Saves auto‑IRA program and rising unclaimed‑property workloads.
Dietzak said Vermont Saves, launched in March 2025, has about 5,400 accounts and roughly $5.2 million in assets; he emphasized strong participation among younger savers ("55% of savers are 40 years or younger," he said) and projections that the program could reach 20,000 accounts in five years. Dietzak described account‑level fees of about $26 annually (with roughly $4 retained for program administration) and…
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