H.630 reached the House floor on Tuesday. Representative Beck of St. Johnsbury offered an amendment on behalf of the Committee on Ways and Means. They recommended passing the bill along with an amendment that appropriated $70k for the Agency of Education to administer a grant program to support the formation of Boards of Cooperative Educational Services (BOCES).

The Senate Education Committee held a presentation on Tuesday afternoon on the Flexible Pathways Initiative, created by Act 77 of 2013, which encourages and supports the creativity of school districts as they develop and expand high-quality educational experiences that are an integral part of secondary education in the evolving 21^st century classroom. 

Chair Conlon and members of the House Education Committee,

The education finance crisis before you today is the gravest in decades and eerily similar to the crisis we faced a decade ago. You have difficult choices ahead of you around overhauling the entire education finance system or making targeted reforms to inject more transparency and accountability into the incentive structure.

Representative Boyden presented H.702 on the House floor on Friday. She told members of the House that, as policy makers, they need to routinely evaluate how well our system is working and ensure that Vermonters are receiving the results they expect and deserve. H.702 is the first step in strengthening this type of government accountability.

The annual housekeeping bill for the Ways and Means Committee, H.546, reached the House floor on Friday. Chairwoman Kornheiser presented the bill to the House. She described the bill as “revenue neutral.”

A joint presentation was made to the House Commerce Committee on Thursday about Community Development Financial Institutions (CDFIs). Will Belongia (Executive Director, Vermont Community Loan Fund) opened up the presentation with an overview of CDFIs do. He shared that they are community-based organizations that expand economic opportunity and provide financial products and services to individuals and businesses often underserved by traditional financial institutions. The CDFI designation is given by the US Department of Treasury to organizations that have a primary mission of community development and a proven track record of providing financial products and services to underserved communities. CDFIs include credit unions, loan funds, venture capital funds, and banks. They go through a rigorous application process and must recertify every year.

Treasurer Mike Pieciak spoke to the Senate Economic Development Committee on Thursday morning about “10% for Vermont,” a local investment program.

The program authorizes the Treasurer to invest up to 10% of the State’s average daily cash balance for economic development in Vermont.  As noted in an announcement from the Office of the State Treasurer “the State’s average daily cash balance has grown substantially in recent years due to increased state revenues allowing the program’s lending capacity to expand from $39M to $100M and then expanded to $115M.  In total, when combined with funds that were not committed from the original program, there is now $85M available to support local economic development. 

On Thursday, Gus Seelig (Executive Director, Vermont Housing and Conservation Board) talked to the House Commerce Committee about his annual report and the pictures and write-ups of all the projects they have been involved in throughout the State. But today they are focusing on housing and workforce development. Seelig mentioned that the Chair had asked him to work with the Career Technical Centers to focus on housing and workforce development in the construction/developer careers. He noted that he and Will Belongia (Executive Director, Vermont Community Loan Fund) had talked to CTE Directors throughout the state to find out what is needed. They said they need more students interested in the construction/housing field.

Representatives Walker and Harrison joined the House Energy and Environment Committee on Thursday to propose an amendment to H.289. The amendment would attempt to target new generation facilities in areas that already have additional distribution capacity. In areas where additional distribution capacity is necessary, the amendment would protect ratepayers from bearing the cost of these upgrades.

The House Education Committee attempted to get a “big picture” of the education financing challenges on Thursday morning. Julia Richter (Senior Fiscal Analyst, Joint Fiscal Office) noted that the material she was presenting would seem familiar because it is meant to be. Chairman Conlon wanted a refresher as they began to review the current situation. Richter stated these are the same slides she presented about a month ago with some updates based on recent data and budgets. Her presentation showed the various commitments of Education Fund dollars and the ways in which school districts receive them.