Divestment of State Pension Funds (S.42) - April 7, 2023
Senator Clarkson presented S.42 to the House Government Operations Committee on Friday. She introduced the bill by saying that, "many of us wanted to have happen a long time ago" and that it was a "win for everyone." The bill was the result of negotiations between Third Act, the Treasurer's Office, the Vermont Pension Investment Committee (VPIC), the Senate Government Operations Committee, and other experts.
Read moreLetter to House Environment & Energy Committee
Dear Representatives,
I am writing on behalf of Campaign for Vermont Prosperity, asking you to carefully weigh the value versus the potential harm that can be done by introducing a carbon pricing scheme on heating fuels. Every equity expert that has testified on S.5 has agreed that it will likely hurt low-income Vermonters, those on fixed incomes, rural Vermonters, and our historically marginalized. We share this belief. Carbon-pricing is a blunt instrument that is almost certain to do unintended harm to Vermont’s most vulnerable.
Read moreProperty Taxes (H.492) - April 6, 2023
Legislative Counsel walked through H.492 on Thursday with the Senate Finance Committee, noting the modest (3.84%) increase in expected tax bills on Vermonters. There was a debate about what the purpose the December letter from the Tax Commissioner was (this is a letter that estimates the state yield amount that is sent to the legislature and school districts at the end of each year). Chairwoman Cummings clarified that it was meant to be a tool for school boards and voters to understand the tax rate impacts of their school budgets. A new thing this year is that $22M was set aside in a reserve fund in case a property tax buy-down is needed next year.
Read moreState Treasurer's FY24 Budget
The State Treasurer, Mike Pieciak, submitted his budget and comments on the treasurers office to the Senate Appropriations Committee on Thursday.
Read moreFinancial Literacy
On Wednesday, the Senate Education Committee took up financial literacy in high school education, which has been a hot topic this year. Jess DeCarolis (Student Pathways Director, Agency of Education) shared that the Agency of Education (AOE) could not support requiring a specific class as a graduation requirement, calling it “highly disruptive” and “incredibly destabilizing to the public education system.” Her remarks were directed at H.228, to which she submitted written testimony. Chairman Campion jumped in to say that they had not “invited her here to talk about H.228,” but rather they were interested in “what is happening currently around financial literacy.”
Read moreGovernance Structure of Career and Technical Education
A joint meeting between multiple legislative committees was held on Wednesday to review a report on the funding and governance structure of Career and Technical Education (CTE) in Vermont.
Read moreGreen Mountain Recreation Fund (H.131) - April 5, 2023
On Wednesday the House Agriculture & Forestry Committee was introduced to H.131 by Representative Sims. She explained the forest economy learning journey legislators attended last year where they visited some recreational sites to highlight some of the rural economics of Vermont.
Read moreMiscellaneous Education Changes (H.461) - April 5, 2023
The Senate Education Committee met on Wednesday to review H.461, which makes a number of changes to education laws.
Read moreVitale v. Vermont
The House and Senate Education Committees met jointly on Tuesday for a presentation from Legislative Counsel on the Vitale v. Vermont Supreme court case. Chairman Campion introduced the topic by noting that the decision came out in March and because the Senate Education Committee is likely to take up the independent schools’ bill soon, he thought it was prudent to get a briefing on this case.
Read moreVEGI Changes (H.10) - April 4, 2023
Chairmen Marcotte shared on Tuesday in the House Ways & Means Committee that the impetus for the H.10 was that “others” saw what has been described as “mission creep” with some Vermont Employment Growth Incentive (VEGI) awards that did not fit within the statutory requirements. There was concern that they were moving away from the mission to increase employment. Testimony from Tom Kavet (the state economist) and the Joint Fiscal Office (JFO) indicated they were using VEGI as an “employment retention program” and that would be a policy shift that the Legislature did not authorize.
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