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Vermont Lawmakers Unanimously Approve Rescission Plan

Posted August 18, 2017

Ever since the revenue state downgrade announced at the last Joint Fiscal Committee meeting last month, there has been concern about $12M in anticipated rescissions, which the Administration made public this week, ahead of Thursday’s Joint Fiscal Committee meeting and public hearing.

Despite these earlier concerns, it would appear that there is nothing to worry about. The administration largely was able to make up the budget shortfall prior to the rescission process.

The only reductions to AHS programs come in the area of health care: $1.6M in “Outpatient Prospective Payment reduction,” and $4.5M in “Medicaid Consensus Forecast reduction.”  There is clearly nothing that affects housing or any of the programs we rely on to combat homelessness.

Read more from VT Digger.