The Secretary of Administration issues a monthly press release pertaining to the current status of the State's General, Transportation and Education Fund revenues. These reports include the preliminary actual revenues reported for the current fiscal month, and fiscal year to date, as of the press release date; small changes in the revenue results may occur after the press release date. The reports compare the results to the consensus revenue targets for the fiscal month and year-to-date, as well as the prior fiscal year to date. Receipts are reported for: all General Fund receipts; the non-dedicated receipts for the Transportation Fund; and the non-property tax portion of the Education Fund. Additional information and detail on Revenue may be found on the State's Financial Transparency site at: http://spotlight.vermont.gov/revenue.
The Vermont Emergency Board (E-Board), established under 32 V.S.A. §131, is composed of the Governor and the Chairpersons of the Legislature’s four (4) “money committees” (Senate Appropriations, Senate Finance, House Appropriations, and House Ways & Means Committees). The State’s Emergency Board officially adopts revenue forecasts for certain major funds in January and July of each year, in accordance with 32 V.S.A. §305(a), or in the interim, as necessary. These revenue forecasts include projected receipts for the General Fund, the non-dedicated components of the Transportation Fund, and the non-property tax components of the Education Fund. The forecast is based on the joint recommendations, as reported to the E-Board, by the State's two economists - one each representing the Administration and the Legislature. This forecasted revenue is referred to as Consensus Revenue Forecast or the Current Law Revenue.
The State’s Emergency Board officially adopts revenue forecasts for certain major funds in January and July of each year, in accordance with 32 V.S.A. §305(a), or in the interim, as necessary.