Lawmakers hope to borrow against future proceeds from Transmission Developers, Inc. and put the money toward the $25 million a year needed for lake clean up.
Rep. Janet Ancel, D-Calais, said the bill will not raise taxes but will increase collections by stepping up enforcement, including taking money directly from bank accounts.
The measure would permit burials at a depth of at least 3½ feet, compared with the current 5-foot state requirement.
House Ways and Means identified issues with the timing and constitutionality of the education overhaul, while the tax commissioner acknowledged a major financial gap.
Political and business leaders said the decision puts the online retail giant and small businesses on a level playing field.
Insiders say Ashe may become the bridge between a Republican governor, a Progressive, Democratic lieutenant governor and a Democratic majority Legislature.
Doug Hoffer: “This system, for a variety of reasons, doesn’t seem like it is properly monitored.”
Agency secretary can’t say how much the Jay Peak developers, who allegedly diverted $200 million in investor funds, owe in fees to the Vermont EB-5 Regional Center.
The latest incarnation of the bill, S.241, passed the House Ways and Means Committee on Friday on a vote of 7 to 4. Its final stop before a potential floor vote is House Appropriations.
A proposal before House Ways and Means would raise revenue by charging a fee on licenses to grow two marijuana plants at home.
The Ways and Means Committee wants to extend the program for three years at a time, have an independent party conduct an audit, and require greater legislative oversight.
Taxes and fees account for $38.7 million of the total; new revenues for the transportation fund come in at $9.6 million.
Some lawmakers raised concern that the changes to the system would shift a financial burden onto other, law-abiding drivers.
Lawmakers reject four Shumlin administration proposals and look to fund $10 million in base budget costs that were omitted from the governor’s budget.