Budget Adjustment Act Passes the House

The budget adjustment act was voted out of the House this week with an additional $90 million more of funding allocated than what was proposed by the Governor. The bill requires this additional funding be paid for with FY24 funds. This measure does not immediately offer a suggested revenue source and adds to the legislature’s growing expense list. 

Notably, the Rural Infrastructure Assistance Program that was proposed by the Governor, and advocated for by the Vermont Chamber, did receive the full $3 million of funding. This is an essential step forward to ensuring underserved communities can take full advantage of federal infrastructure funding.