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Story perspectives

Vermont's $9.4B Budget: Tax Cuts and Reform Proposed

1/21/2026

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Story summary
  • Vermont Governor Phil Scott presented a $9.4 billion budget on January 20, 2026.
  • The proposal is 3% larger than last year and seeks to offset declining revenues and rising costs.
  • Scott proposed allocating $105 million to reduce property taxes.
  • He also sought to shift vehicle purchase tax revenue from the Education Fund to the Transportation Fund.
  • Democrats questioned sustainability, and Scott urged education reform and an accountability court.