§ 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.)