One Step Forward, Two Steps Back

We received word late last week that the Joint Fiscal Committee and the Administration have agreed to a rescission plan to address the downgrade of the state revenue forecast. Consequently the eleven regional planning commissions around Vermont have been told that we will receive a 5% reduction in our state appropriation for the current fiscal year, with possibly another hit to come in January.

This will put our state revenues about on par with that of Fiscal year 07!! It will mean that we will have to make changes to our already very tight operating budget.

The Municipal Planning grant program will also receive a 5% cut.

One step forward, two steps back.