The Vermont Clean Water Fund was created by Act 64, also known as the Vermont Clean Water Act, which was passed by the legislature during the 2015 session and signed into law by Governor Shumlin on June 16, 2015. The law also established a Clean Water Fund Board to administer the Fund. The purpose of the Clean Water Fund is to provide additional state funds to help municipalities, farmers and others implement actions that will reduce pollution washing into Vermont’s rivers, streams, lakes, ponds and wetlands.
The Fund is supported by a 0.2 percent surcharge on the property transfer tax on properties over $100,000. The challenge now facing the state is how to develop a long-term funding solution for the Fund, since this property transfer surcharge, as the Clean Water Fund’s sole revenue source, will sunset by July, 2018. The passage of Act 64 directs the Office of the State Treasurer, in partnership with the Department of Environmental Conservation, the Department of Taxes and other state agencies, to prepare a report recommending how to fund water quality improvements in the state over the long-term.
The Vermont Clean Water Initiative 2016 Investment Report, prepared by the Vermont Clean Water Fund Board, is the first in a new annual report series. The annual report series summarizes annual State investments to address priority water quality problems across Vermont. This first multi-agency investment report establishes the baseline of information that will be used to gauge progress in achieving the State’s clean water goals over time.
November Public Meeting
Wednesday, November 16, 2016, 9:00 am - 12:00 pm
The Vermont State House, Room 11, Montpelier
Public Meeting Presentation Slides
November Public Comment Period
The Office of the State Treasurer is accepting public comments on clean water revenue source options from November 16th through December 1st. Please submit your comments by completing this fillable comment form and email to Treasurers.Office@Vermont.gov by December 1st.
For more information, visit the Sustaining the Clean Water Fund webpage.