New Policy for Grant Issuance and Monitoring

New Bulletin 5: Policy for Grant Issuance and Monitoring becomes effective December, 26, 2014 This bulletin is in response to the U.S. Office of Management and Budget (“OMB”) issued 2 CFR Chapter I, Chapter II, Part 200-Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (“Uniform Guidance”) which becomes effective for States on December 26, 2014.

FY 2015 Rescission Plan

On August 13, 2014, the Joint Fiscal Committee approved the FY 2015 rescission plan as presented and subsequently modified by the Administration of Governor Peter Shumlin.

Rescission documents are available on the Executive Budget Recommendations page.

Public Budget Forums to Receive Public Comments on FY 2016 State Budget Development

Commissioner of Finance & Management, Jim Reardon has announced two open public forums to discuss the State budget process, revenues and expenditures on October 14 and October 28, 2014. In accordance with Act 162 Sec E.100.1 of the 2012 session, public participation is required with the "development of budget goals, as well as general prioritization and evaluation of spending and revenue initiatives."