Leveraging as much one-time federal Covid-19 funding as possible, the Vermont House gave preliminary approval to a $7.15 billion state budget Thursday. It doesn’t raise taxes or use the reserve fund, which legislators say must be used for the highly challenging 2022 budget.
"Between coronavirus relief funds and general fund dollars, the budget allocates nearly $210 million to higher education this year, including a total of $98.4 million for VSCS, $80.5 million for the University of Vermont, $20 million to the Vermont Student Assistance Corporation, and $10 million for the 11 members of the Association of Vermont Independent Colleges. House Speaker Mitzi Johnson said the funding boost represented "the largest single-year investment in higher education in modern history."
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