State lawmakers approved a new budget late Friday, on the last day of the 2021 session, without a single dissenting vote. And this was no ordinary budget. The package, totaling about $7.3 billion includes about $600 million in federal American Rescue Plan and coronavirus relief money which is going to a handful of key areas. Lawmakers prioritized a new focus on construction of new affordable housing, high-speed internet deployment, clean water,.
Vermont Legislature Ends Historic Session, Agrees On $7 3B Budget necn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from necn.com Daily Mail and Mail on Sunday newspapers.
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Vermont Business Magazine The University of Vermont and its full-time faculty union, United Academics, have finalized an unprecedented 4-year labor contract that values the faculty and their contributions to the university, and recognizes the need for ongoing fiscal prudence, the UVM administration said in a statement announcing the agreement. The union said it was able to hold off cuts to base pay and benefits during the negotiations, which lasted virtually through the pandemic.
Although the university’s finances are generally stable, UVM said it continues to face multi-million-dollar revenue shortfalls. With state support amounting to only 6 percent of the university’s operating budget, UVM’s long-term success and stability requires the university to continue to restrain spending, increase value through innovation, and keep tuition affordable for students and their families.
Fri, 04/30/2021 - 9:32am katie
Vermont Business Magazine Vermont State Colleges System Chancellor Sophie Zdatny released a statement today on the Vermont Senate’s proposal to support the Vermont State Colleges System (VSCS) with a total proposed appropriation of $88.9 million in the Fiscal Year 2022 State Budget.
Notably, the Senate and House are in agreement on major aspects of the VSCS budget, including:
$30.5 million in the annual state appropriation
$5 million increase to the annual state appropriation
$20 million to support system transformation over the next four years
$21 million in bridge funding to address the VSCS’s operating deficit due to COVID-19
In a similar proposal to the House, the Senate put forward $12.4 million in scholarships and free tuition programs for Vermont State Colleges students, as well as workforce development. There is broad agreement in both chambers on providing free classes, a free tuition program, scholarships to incentivize adult lear