PASSED
in the State House of Representatives
on March 26, 2015, by a vote of 96-46
. Purpose: To fund state government operations for FY16. .
Analysis: Those voting YES on H.490 approved a $1.48 billion general fund budget (part of a $5.5 billion total state budget which also includes the education fund, transportation fund, and federally funded programs). This is a $68 million spending increase (4.8%) over the FY15 budget and grows spending at 3 times the average rate of inflation (1.6%) in 2014. .
Those voting NO did so on the grounds that increasing spending by 4.8% while revenue is only projected to grow at 2.4% is unsustainable and irresponsible, objected to the budget’s use of $24 million in one-time funds to achieve “balance,” and that this budget sets up a projected budget gap of $40-50 million for FY17/FY18. .
As Recorded in the House Journal, Thursday, March 26, 2015:“Shall the bill be read a third time? was decided in the affirmative. Yeas, 96. Nays, 46.” (Read the Journal, p.656-659.) .
The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network. Read more...
July 24, 2020 By John McClaughry The Heritage Foundation’s Daily Signal last week published eleven news stories about citizens using a firearm to stop a crime. Here are...
July 21, 2020 By John McClaughry Last Thursday, the Federal Energy Regulatory Commission finalized its updates to the Public Utility Regulatory Policies Act (PURPA), in what the majority...
July 17, 2020 By David Flemming Harper’s Magazine, a long-running monthly magazine of literature, politics, culture, finance, and the arts, is hardly what you would call a ‘politically...
July 16, 2020 by John McClaughry “President Trump [last May] issued an executive order entitled ‘Regulatory Relief to Support Economic Recovery.’ The executive order includes a regulatory bill...
{ 0 comments… add one now }
{ 1 trackback }