Vermont § 305a - Official State revenue estimate

§ 305a. Official State revenue estimate

• (a) On or about January 15 and again by July 31 of each year, and at such other times
  as the Emergency Board or the Governor deems proper, the Joint Fiscal Office and the
  Secretary of Administration shall provide to the Emergency Board their respective
  estimates of State revenues in the General, Transportation, Transportation Infrastructure
  Bond, and Education Funds. The January revenue estimate shall be for the current and
  next two succeeding fiscal years, and the July revenue estimate shall be for the current
  and immediately succeeding fiscal years. Federal fund estimates shall be provided
  at the same times for the current fiscal year. (b) Within 10 days of receipt of such estimates, the Board shall determine an official
  State revenue estimate for deposit in the respective funds for the years covered by
  the estimates. For the purpose of revising an official revenue estimate only, a majority
  of the legislative members of the Emergency Board may convene a meeting of the Board. (c)(1)(A) The January estimates shall include estimated caseloads and estimated per-member per-month
  expenditures for the current and next succeeding fiscal years for each Medicaid enrollment
  group as defined by the Agency and the Joint Fiscal Office for State Health Care Assistance
  Programs or premium assistance programs supported by the Global Commitment Fund and
  for the programs under any Medicaid Section 1115 waiver. (B) For Board consideration, there shall be provided three versions of the next succeeding
  fiscal year’s estimated per-member per-month expenditures: (i) one version shall include inflation trends as set forth in subdivision 307(d)(5) of this title; (ii) one version shall be without the inflationary adjustment; and (iii) one version shall reflect any additional increase or decrease to Medicaid provider
  reimbursements that would be necessary to attain Medicare levels as set forth in subdivision 307(d)(6) of this title. (C) For VPharm, the January estimates shall include estimated caseloads and estimated
  per-member per-month expenditures for the current and next succeeding fiscal years
  by income category. (D) The January estimates shall include the expenditures for the current and next succeeding
  fiscal years for the Medicare Part D phased-down State contribution payment and for
  the disproportionate share hospital payments. (2) In July, the Administration and the Joint Fiscal Office shall make a report to the
  Emergency Board on the most recently ended fiscal year for all Medicaid and Medicaid-related
  programs, including caseload and expenditure information for each Medicaid eligibility
  group. Based on this report, the Emergency Board may adopt revised estimates for the
  current fiscal year and estimates for the next succeeding fiscal year. The provisions
  of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
  subsection. (Added 1995, No. 178 (Adj. Sess.), § 282; amended 1997, No. 60, § 19, eff. July 1, 1998; 2001, No. 142 (Adj. Sess.), § 148c; 2005, No. 6, § 87, eff. March 26, 2005; 2005, No. 191 (Adj. Sess.), § 46; 2005, No. 215 (Adj. Sess.), § 315; 2007, No. 65, § 268; 2007, No. 192 (Adj. Sess.), § 6.010; 2009, No. 4, § 93, eff. April 29, 2009; 2009, No. 67 (Adj. Sess.), § 106, eff. February 25, 2010; 2011, No. 3, § 88, eff. Feb. 17, 2011; 2011, No. 75 (Adj. Sess.), § 108; 2013, No. 50, §§ E.106, E.306; 2017, No. 154 (Adj. Sess.), § 31, eff. May 21, 2018; 2017, No. 167 (Adj. Sess.), § 15, eff. May 22, 2018; 2019, No. 6, § 69, eff. April 22, 2019.)