Vermont lawmakers learn about $45M budget gap

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MONTPELIER, Vt. (WCAX) Vermont lawmakers are learning about some significant budget challenges ahead.

The Joint Fiscal Committee was told Thursday to expect a $45 million dollar budget gap in the next fiscal year. That's the difference between anticipated money coming into the state and spending.
Finance Commissioner Adam Greshin said the gap could be even bigger because it does not include any new initiatives Governor Phil Scott may announce in January.

"Allowing for that and allowing for some initiatives, I think the governor anticipates -- we're thinking that we'll have some hard discussions over the next three to four weeks," Greshin said.

Last year the state had to close a $76 million gap.