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Green Mountain Transit warns of fiscal cliff; FY27 gap narrowed but FY28 could force steep service cuts
Summary
Finance director Nick Foss told the House Transportation Committee GMT narrowed an FY27 deficit to about $560,000 but faces a FY28 gap of roughly $2.7M–$3.25M once COVID relief funds end; GMT said service cuts of 7–10% driver hours in FY27 and up to ~30% service in FY28 are possible without new or restructured funding.
Nick Foss, director of finance for Green Mountain Transit, told the House Transportation Committee on Feb. 17, 2026, that GMT’s FY27 budget was passed with an $841,000 deficit and management has reduced that projected shortfall to about $560,000 but still needs additional savings. Foss said the more serious problem comes in FY28 when one‑time COVID and ARPA funds are exhausted: "by '28... all of the money... are really gone" and the agency faces a gap of about $2.7M to $3.25M.
Foss said GMT has relied on roughly $15M in pandemic‑era one‑time funds (three batches including CARES/CRRSA and ARPA) that are being spent down and will not return. He told the…
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