Committees of jurisdiction are beginning to review in earnest the Treasurer’s Clean Water Report (click here) outlining funding needs and options for clean water initiatives and requirements across Vermont, particularly Lake Champlain and its basin.
The report looks at options for more than $25 million in funding in each of the next two years, with potentially much higher needs in later years. The Legislature is likely to consider a variety of taxes and fees to address funding priorities. In contrast, Governor Scott’s budget proposal last week recommended an initial $20 million in bonding in each of the next two years as well as $10 million in redirected funds.
AIV will be monitoring this issue as it unfolds and engaging on any funding issues of concern to manufacturers and other businesses in Vermont. Members should watch for updates as warranted, and if you are interested in more information or engaging in this issue, please don’t hesitate to contact us at email@example.com.