It's estimated that the state will need to raise roughly $30 million in new transportation revenue in order to pull down the maximum amount of federal funds and there are several revenue options being considered at the Statehouse.

The Vermont Law School is hoping staff members will take voluntary buyouts to help deal with a projected budget shortfall on the South Royalton campus. 

The Vermont Arts Council's annual state appropriation has been close to $500,000 for the past decade, but the council says if it stays at that level, it will actually have less money in the fiscal year starting next July.

Republican lawmakers say they found some things to like in Governor Peter Shumlin's budget address. They praised his proposals to reform the state's environmental permitting process and his call to consolidate school supervisory unions.

Gov. Peter Shumlin has outlined a budget for the next fiscal year that calls for no increases in income or sales taxes and relies on projections of increasing revenue due to an improving economy to spend more on higher education and in other areas.

At a time when cities and towns across the country are looking more closely at their finances, Vermont's smallest city is studying how its employees' wages compare to other communities.

Senator Bernie Sanders is leading an effort among Senate Democrats to raise taxes on the wealthy as part of a deficit-reduction plan. Sanders argues that the final package should be a balance between budgets cuts and new revenue.

House Speaker Shap Smith has given lawmakers their marching orders: don't hike taxes, even to save social programs from budget cuts. He's asked the House tax-writing committee to stick to the Shumlin Administration's plan to limit new revenue sources.

"Federalism" may be a word that conjures dusty text books and vague memories of 8th grade history class, but it's the cornerstone of some of the most compelling and divisive debates we have about modern issues.

The Valley News political editor John Gregg explains the sweeping budget cuts New Hampshire Governor John Lynch has proposed to close a $600 and 800 million shortfall.

The Agency of Human Services will have to contend with some of the biggest policy and financial challenges facing the state. Agency Secretary Doug Racine is our guest on Vermont Edition to discuss how he'll manage these services in the face of $44 million in budget cuts.

Vermont already faces a potential $110 million deficit. And as the state struggles to regain its financial footing, it's unlikely that new revenues will pour in anytime soon. While the two major party candidates have spending proposals, the details remain elusive.