STATEMENT FROM GOVERNOR PHIL SCOTT’S OFFICE ON APRIL REVENUE REPORT
Montpelier, Vt. – Governor Phil Scott’s Communications Director Rebecca Kelley issued the following statement regarding the April revenue release:
“Today’s report on April revenue collections is yet another reminder of the significant economic challenges Vermont faces. With the April revenue downturn and only two months left in the fiscal year, we face a potential budget gap at year end.
“Coupling this trend with our shrinking workforce and decline in K-12 student populations, it is more important than ever to focus on growing the economy and making Vermont more affordable – priorities the Governor has set for his Administration. We cannot afford to ignore these trends, and we must recognize that the status quo will not reverse them.
“With the potential for a shortfall, it is clear the state cannot afford an FY2018 budget that spends a single penny we do not need to spend. That’s why the Governor feels it would be irresponsible to leave up to $26 million in property tax savings on the table, which the state could realize through school districts’ more affordable health plans.
“Gov. Scott will continue to work with the Legislature on this proposal, and other savings opportunities, to put the state in the best position to reverse these trends.”