Vermont Business Magazine Governor Phil Scott has advised that the State of Vermont has prepared for the possibility of a shutdown of the federal government. This week, the Agency of Administration directed agencies and departments to draw down all available federal funds due to the State, ensuring accounts are as current as possible. The Agency of Administration and the Department of Finance and Management have also worked with Treasurer Beth Pearce to confirm the state has the necessary cash-on-hand to endure a short-term shutdown.
“While the state is prepared for a short-term shutdown, we hope to see a quick resolution to prevent any long-term delay in the distribution of funds that Vermonters rely on, or negative impacts on the economy,” said Gov. Scott.
The Department for Children and Families (DCF) confirmed that financial benefits for Vermont’s most vulnerable will be safe in the event of a short-term Federal government shutdown. These benefits include Reach Up, 3Squares benefits, fuel assistance, general assistance, and child care assistance.
The Administration will continue to closely monitor cash flow throughout a shutdown, should one occur.
Source: VBM 1.22.2018