21-07-2017 22:34 via vtdigger.org

Lawmakers consider cuts to address $28.8 million revenue downgrade

Economic analysts Jeffrey Carr, left, and Tom Kavet, right. File Photo by Anne Galloway/VTDigger
Economists told lawmakers on Friday that revenue for the state’s base operating budget will come in $28.8 million lower than expected this fiscal year.
Tom Kavet, the economist for the Vermont Legislature, and Jeffrey Carr, the economist for the Scott administration, downgraded fiscal year 2018 revenue to the general fund, which is used for miscellaneous expenditures including health care, huma
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