Vermont State Budget (2008-2009)
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Vermont was facing an $82 million deficit for fiscal year 2009. The Center on Budget and Policy Priorities projected a $253 million deficit for fiscal year 2010.[1]
Budget background[edit]
- See also: Vermont state budget and finances
Vermont's fiscal year begins July 1 and ends June 30 of the following year. In September and October, instructions are distributed to each agency and department, with a budget allocation for the coming fiscal year. By December the governor reviews agency requests, past expenditures, and revenue data before ultimately compiling budget recommendations for the upcoming fiscal year. In January, when the legislature convenes, the governor presents the budget proposals with a formal address to a joint meeting of all House and Senate members. Once both the House and the Senate approve all of the appropriations and make any necessary changes, the governor makes the final approval before the new budget bill is accepted. Should any changes be necessary throughout the fiscal year, the Budget Adjustment Act] allows for the governor to submit proposed changes. The House and Senate pass the final version of the Budget Adjustment Bill and the bill is forwarded to the governor for final approval.[2]
Budget figures[edit]
The following table provides a history of Vermont's expenditures and gross domestic product (GDP).
| Fiscal year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $3.8[3] | $17.8[3] |
| 2001 | $4.0[3] | $18.8[3] |
| 2002 | $4.2[3] | $19.6[3] |
| 2003 | $4.5[3] | $20.6[3] |
| 2004 | $4.8[3] | $21.8[3] |
| 2005 | $5.2[3] | $22.7[3] |
| 2006 | $5.4[3] | $23.6[3] |
| 2007 | $5.6[3] | $24.5[3] |
| 2008 | $5.8[3] | $25.5[3] |
| 2009 | $6.0*[3] | $26.5*[3] |
- NOTE: The figures for FY 2009 had not been finalized at the time this data was compiled.
2009 appropriations[edit]
Below is the breakdown of the spending for the 2009 fiscal year.[4]
| Function | Total |
|---|---|
| General | $88,789,991 |
| Protection to Persons and Property | $237,178,217 |
| Human Services | $1,705,626,311 |
| Employment and Training | $26,296,354 |
| General Education | $1,495,954,874 |
| Higher Education and Other | $80,364,162 |
| Natural Resources | $81,512,053 |
| Commerce and Community Development | $54,782,148 |
| Transportation | $383,455,304 |
| Debt Service | $71,459,051 |
| Miscellaneous | $10,558,000 |
| Total | $4,235,976,465 |
Legislation[edit]
- Vermont Joint Resolution 57 requested "the Agency of Administration to post all state contracts and grants in full text on the internet."[5]
See also[edit]
- Vermont state budget and finances
Footnotes[edit]
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," March 13,2009
- ↑ State of Vermont, "State budget process," accessed March 31,2009
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 US Government Spending, "Vermont State and Local spending," accessed March 30,2009
- ↑ Vermont Transparency, State Spending
- ↑ Vermont Joint Resolution 57
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