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House Appropriations Committee weighs using one‑time funds as provider tax creates $18.5M FY28 gap
Summary
The Vermont House Appropriations Committee reviewed a draft FY27 budget that relies on about $20 million in one‑time and base funds and discussed the prospect of an $18.5 million provider tax reduction hitting FY28. Members debated tapping IT modernization interest and reserves versus preserving capacity for future years.
The House Appropriations Committee met March 19 to review a draft FY27 budget and to begin planning for FY28, when a provider‑tax reduction and other eligibility changes could reduce revenues by roughly $18.5 million.
Chair opened the meeting by saying JFO and administration data show roughly $20,000,000 in combined base and one‑time funds available for FY27, contingent on passage of a miscellaneous tax bill and by drawing interest from the IT modernization fund. “You’ll see on here that there’s about $20,000,000 of both base and onetime that we were able to find,” the Chair said, adding that tapping interest in the IT modernization fund is where most one‑time funds would come from.
The committee focused on tradeoffs between using one‑time dollars now and preserving capacity for a projected FY28 shortfall. “The provider tax reduction is gonna get into play. That’s…
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