[F]or the past several fiscal years, Vermont has seen a series of revenue downgrades: Economists project a shortfall, and the governor proposes mid-year budget cuts to make up for it. For the current fiscal year, lawmakers approved $12.6 million in rescissions on top of $16 million in other budget changes to counter a $28.8 million revenue downgrade projected in July.
In this week’s podcast, reporter Elizabeth Hewitt talks about how the Scott administration identified ways to resolve this year’s budget gap. Plus, editor Anne Galloway discusses why these continuing budget gaps point to broader structural issues in the state’s economy.
