The Senate Natural Resources Committee came back to S.5 on Thursday for mark-up of the bill. Chairman Bray thought they were dealing with mostly just minor corrections at this point, fixing typos and minor date changes, etc. Larger discussion points were deferred until later.

Matt Dunne testified in front of the Senate Economic Development Committee Friday morning.

Key takeaways:

• Flexibility is needed
• Every community is different
• There have been significant shifts in winners/losers over the past 40 years

The Senate Economic Development Committee heard from Maura Collins on Wednesday about Low-Income Housing Tax Credits (LIHTC) funds.

Key Takeaways:

• VHFA is proposing a revolving loan fund as a less-complex alternative to LIHTC.
• Employers from all industries are getting squeezed by the housing crisis.
• Construction costs have doubled since 2016.

The House Education Committee met on Wednesday morning to discuss an outline of the potential committee bill around Vermont’s town tuitioning program.

The Senate Natural Resources Committee returned to testimony on S.5 Wednesday, hearing from Judy Dow (Executive Director, Gedakina) who called out the Committee for listening to “only Jared Duval.” Listening to only one story is a mistake. 

Legislative counsel reviewed the House Education Committee bill changes (Draft 1.1) on Tuesday that deals with reporting for the Vermont State Colleges (VSC). It is very similar to the house passed version of H.456 in 2022.

Meg Kenny (Associate Head, Burr and Burton Academy) and Dr. Mat Forest (Director of Special Services, St. Johnsbury Academy) provided testimony on Tuesday to the House Education Committee. Chairman Conlon introduced the guests and the current discussion about Approved Independent Schools. He requested witnesses to explain how the system works from their experience, explaining that the Committee was still learning about Act 173, so their input is valued.

The Green Mountain Care Board (GMCB) met with the House Appropriations Committee on Tuesday to present their budget for 2024. The new Chairman, Owen Foster, introduced the current Board, which includes Jessica Holmes, Robin Lunge, David Murman, Thom Walsh, and Susan Barrett.

The Senate Natural Resources Committee kicked off the week hearing from Kathy Beyer (Senior Vice President of Real Estate Development, Evernorth). Evernorth is working in ME, NH, and VT and consider themselves leaders in energy efficiency and renewables – connecting apartment units to advanced wood heating systems, solar hot water, solar PV, geothermal and heat pumps. They are focused on energy equity, which, according to Beyer, Vermont lags behind on implementation of energy equity. Other states in the region are ahead of us. 

Brad James (Director of Finance, Agency of Education) provided the House Ways & Means Committee with an update on school budgets. The December letter from the Tax Commissioner estimated an 8.52% increase in spending over FY2023. James has heard from about 20% of schools about their budgets (as passed by school boards) as of right now, budgets are coming back closer to 9%.