Governor Phil Scott Delivers Fiscal Year 2024 Budget Address

Montpelier, Vt. - Governor Phil Scott today delivered his seventh budget address to the General Assembly, taking advantage of historic surpluses to make strategic investments in areas that produce the greatest return – all without raising taxes.

As he did in his Inaugural Address, the Governor again emphasized the need to focus on regional economic equity and investing in areas of our state that have been left behind.

The Governor continues to make historic investments in shared priorities like child care, housing, education, economic development, community infrastructure and more. His proposed budget uses sizeable state surpluses and revenue growth to make significant investments that will put Vermont in stronger fiscal position, make progress on longstanding challenges, and lift up families and communities across state.

Importantly, while we experience record surpluses today, the Governor’s budget secures millions of dollars to leverage federal funding that requires state matching funds – ensuring the state will be able to capture these federal investments for the next several years.  

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