Governor Phil Scott and his administration today presented a plan to invest $1 billion in one-time federal money to jumpstart economic recovery and support long-term economic growth.
As a result of the bill that passed the Senate on Saturday, 428,000 adults and 145,000 kids in Vermont will be receiving direct payments averaging $2,230 per household. In other words, 89% of Vermont households will be receiving a direct payment under the Senate bill.
The Vermont Legislature may need a special summer session to spend all of the money bestowed on the State of Vermont by the $1.9 trillion American Rescue Plan Act, Vermont lawmaker David Yacovone (D-Morristown) said in the March 4 News & Citizen.
Vermont ranks last in projected allocations to states from the $1.9 trillion American Rescue Plan Act passed by the House of Representatives, according to a March 3 report by Congressional Research Service. The Act now goes to the U.S. Senate, where a tough battle is expected over its inclusion of a national $15 minimum wage and other controversial features.