“Lookit: The time for this moving is very short.”
The bill provides funding and a framework to expand broadband access to rural regions of Vermont in the coming years and is made possible by a windfall of federal Covid-19 relief dollars.
The legislation steers money both to communications union districts and small private internet providers to bring high-speed fiber to areas of the state that lack broadband service.
Weeks after they signed off on taxing federal loans forgiven in 2021, Vermont legislators are now considering undoing the plan.
The Legislature sent Gov. Phil Scott a bill last week that would tax Paycheck Protection Program loans forgiven in 2021, but lawmakers say they still plan to revisit the issue later in the session.
About 30,000 Vermonters who work in health care, grocery stores and other sectors are expected to receive checks of $1,200 or $2,000
Decisions may be made Monday on an additional $85 million; state officials face a big time crunch.
It was good news for the state, but huge revenue losses still are predicted for the current fiscal year. Officials are working to procure more federal aid.
The bill would give town officials the power to create new deadlines and waive penalties and interest.
Economists advising the Emergency Board said that Vermont tax revenues are up as the state, and the U.S., continue to see economic growth.
School spending rose more than expected, but lawmakers bought down the property tax rate by using $14 million of a $19 million surplus in the education fund.
The plan shifts six percent of the rooms and meals tax revenue from the general fund, replacing it with new revenue the state expects to see next year.
General Fund tax revenues collected in April – an important month for tax collection – were $248 million, about $44 million above expectations.
After falling flat in the House Ways and Means Committee, the effort received a boost in the Senate Finance Committee as the number of complaints grew.