With the economy expected to slow in 2001, tax revenues won t be as bountiful as in recent years. Expect Republicans to try to rein in government spending, so they can free up tax money and return it to Vermonters.
Democrats tend to push for a compassionate level of spending.
Both sides want to reduce state debt. Now the pressure is on these lawmakers to find compromises that both the House and Senate can accept and fast. The negotiators worked over the holiday weekend in an effort to craft an agreement by Wednesday. Shortly after the House and Senate agree on this budget, the Legislature will adjourn. The Senate Appropriations Committee will spend every free minute this week finalizing its budget for state government.