Gov. Peter Shumlin, VT House Speaker Shap Smith, Senate President Pro Tem John Campbell and key legislative leaders today announced an agreement to avoid raising taxes on Vermonters, and instead focus on spending cuts and efficiencies to achieve a balanced budget for the state.
“We have an agreement among leadership that will allow for a timely adjournment of this session an agreement that is right for Vermonters now,” the Governor said. “Balancing our budget this session with no additional taxes will help keep our state on a strong path of economic recovery.”
Members of the House and Senate Appropriations Committees will focus on reducing state spending by about $10 million through cuts and efficiencies, eliminating the need for any additional tax increases