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Finance committee recommends FY27 operating budget even as officials warn of structural deficit
Summary
The Vermont States Colleges Finance & Facilities Committee voted to forward a FY27 operating budget to the full Board for approval on June 8, while system financial officers warned that a structural shortfall remains despite one-time supports and careful expense discipline.
The Vermont States Colleges Finance & Facilities Committee voted to recommend the systemwide FY27 operating budget to the full Board of Trustees for approval at its June 8 meeting, even as officials cautioned the gap between recurring revenue and expenses persists.
Sharon Scott, presenting the committee's Q3 forecast, said the quarter shows a $3.2 million favorable variance to budget but that result is driven by $7.8 million in one-time funding. "Without those nonrecurring supports, the underlying position would be a $4.6…
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