Budget & Taxes (State Budget)

H.643 redirects all revenue from Vermont's purchase and use tax to the Transportation Fund instead of the Education Fund, phasing out the education allocation over six years. The bill gradually reduces the annual cap for education funding - from $50 million in 2026 down to $10 million in 2030 - before fully repealing it by 2031. This change directly affects state budget allocations, shifting funds from education to transportation infrastructure without altering the tax itself. The policy change takes effect annually starting July 1, 2026, with full implementation by 2031.

H.518 proposes to repeal the State Climate Superfund Cost Recovery Program. If enacted, the Agency of Natural Resources would not be required to establish or implement this program. The bill would also eliminate the requirement for the State Treasurer to assess the cost of greenhouse gas emissions to Vermont and its residents. Any state positions authorized for the program or assessment would be terminated, and appropriated funds would be returned to the General Fund.