Four of the eight agreements include the premium sharing the governor says the state can achieve. Legislative analysts say other assumptions would have to hold true for his plan to work.
He would put $10 million of the expected cost of the program into a reserve fund rather than incorporating it into the budget. Lawmakers say that threatens to undermine the forecasting process.
The reduction is said to be due in part to an effort to confirm eligibility based on income.
The Joint Fiscal Office says receipts could be off as much as $32 million. Corporate taxes are soft, but personal income taxes have been slightly higher than expected.
The Joint Fiscal Office projects a budget gap of between $50 million and $70 million in fiscal 2018.
Well, OK, maybe encouraging more smoking is not the wisest policy. But the slow growth in those revenue sources helps illustrate a little-noticed reality about the state’s fiscal dilemma.
The Green Mountain Care Board could vote to sign the all-payer agreement as early as today.
Three companies are bidding on a contract to analyze what’s wrong with Vermont Health Connect and how the state should move forward with the embattled health care exchange website. The companies are Health Management Associates (based in Massachusetts), Pilot Healthcare Strategies (based in California), and Strategic Solutions Group (based in Massachusetts). The Joint Fiscal Office […]
Expect to see some drastic changes to the budget next month. The elimination of an entire program, for example. Or the reconfiguration of the state workers contract. Or a reduction in Medicaid spending. It’s possible the governor and the Legislature will consider a combination of all three.
This year’s budget adjustments and next year’s budget will have to wait till the Legislature reconvenes in January, but the Shumlin administration plans to address current revenue shortfalls by cutting spending without legislative approval. State lawmakers are questioning whether the administration has the authority to do so.
Completion of Medicaid information system vital to launch of Green Mountain Care, Legislature’s fiscal analysts say.
Legislature appropriated $800,000 to spend on health reform consulting services over the next two years. Administration also booking consultants.
A half-dozen proposals are afoot for raising the minimum wage to $10.10 per hour or higher. The difference is mostly in how quickly each proposal gets there.
Vermonters earning minimum wage would see a $1.37 an hour pay increase on Jan. 1 under bill endorsed by the full House on Tuesday.