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Appropriations committee warned FY28 outlook is uncertain as provider tax phases down
Summary
Fiscal staff told the Appropriations committee the phase‑down of the provider tax and a likely lower FMAP create multi‑million dollar risks for FY28, and urged members to use a revised spreadsheet to prioritize base versus one‑time investments.
Fiscal staff told the Appropriations committee that a scheduled reduction in the provider tax and a projected decline in Vermont’s Federal Medical Assistance Percentage (FMAP) will squeeze the state’s FY28 budget and complicate decisions about which programs to fund.
"In FY '28, one thing that we do know is changing is we're gonna lose, the provider tax," Fiscal staff said, explaining that the tax on health‑care providers…
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