Joint Fiscal Committee
The Joint Fiscal Committee is a Joint Legislative Committee that reviews fiscal issues and is charged with approval of grants, responsibilities to carry out rescission's under 32 V.S.A 704; and oversight and management of the Legislative Fiscal Staff who work for the Joint Fiscal Office. It has other responsibilities assigned to it through legislative action.
The Committee is made up of ten members, five from each branch. Four are the money chairs by virtue of their position. The other six members - three from each branch include one from each major political party and one other member appointed in the Senate by the Committee on Committees and in the House by the Speaker.
2 V.S.A. §503 Provides that the Committee:
(1) hire the Chief Fiscal Officer;
(2) carry on a continuing review of the fiscal operations of the State, including revenues, budgeting, and expenditures;
(3) accept grants and approve any related limited service positions, gifts, loans, or any other thing of value, approved by the Governor, under the provisions of 32 V.S.A. § 5;
(4) establish prioritization for the work of the Joint Fiscal Office; and
(5) keep minutes of its meetings and maintain a file thereof.
JOINT FISCAL OFFICE
2 V.S.A. § 523 provides:
(a) The Joint Fiscal Office shall furnish:
(1) nonpartisan research and administrative services of a fiscal nature to the Joint Fiscal Committee and, at the direction of the Joint Fiscal Committee, to the House and Senate Committees on Appropriations, the Senate Committee on Finance, the House Committee on Ways and Means, the House and Senate Committees on Transportation, the House Committee on Corrections and Institutions, and the Senate Committee on Institutions;
(2) nonpartisan research and administrative services of a fiscal nature to other legislative committees and members of the General Assembly, to the extent practicable; and
(3) fiscal and budget assistance to the Joint Legislative Management Committee and to the other legislative offices.
(b)(1) All requests for assistance, information, and advice from the Joint Fiscal Office, all information received in connection with fiscal research or related drafting, and all confidential materials provided to or generated by the Joint Fiscal Office shall remain confidential unless the party requesting or providing the information designates that it is not confidential.
(2) Recordings and minutes of committee meetings and material appearing in the journals or calendars of either house are official documents and materials and shall not be confidential under this subsection.
The Joint Fiscal Committee plays a statutory role (32 V.S.A. § 5) in reviewing and approving "any grant, gift, loan, or any sum of money or thing of value" made to state government.
Read the Joint Fiscal Committee and office grant acceptance policy, found on page 11.
The link below will display all grants that have been reviewed by the Joint Fiscal Committee since January 1, 2006.