Vermont House is preparing to debate the budget and a number of new tax
proposals this week, and House leaders are already trying to line up votes for
a $1.3 billion plan that includes a contentious bid to cap welfare benefits.
The possibility of new budget cuts from Washington could cause enormous problems with Vermont’s budget for next year. The threat of sequestration
cuts comes at a time when the House Appropriations committee is trying to
finalize its budget plan for next year.
Governor Peter Shumlin has
unveiled his plan to boost state spending next year by 3.4 percent without raising
any broad based taxes. But the budget proposal does rely on roughly $60 million
in new revenue from a variety of other sources.
The Shumlin Administration
says the job of crafting next year’s state budget is made easier now
that Washington has tackled some of the fiscal issues facing the
country. Meanwhile, the administration
and lawmakers are working to address gaps in the current year budget.