Beth submitted a proposal to finance up to $8 million of efficiency improvements in State buildings, modernizing aging building stock to save Vermont taxpayers millions and cut the State’s annual carbon emissions by 5-10%. The plan was announced by Governor Shumlin at a February 26 press conference including administration officials, House Speaker Shap Smith, Representatives Willem Jewett, Alice Emmons and Mary Hooper, and Efficiency Vermont’s George Twigg.
The proposal, which requires legislative approval, authorizes the Treasurer to use up to $8 million of the State’s unrestricted cash to capitalize a revolving fund for the purposes of making the State’s buildings more green. A portion of the return on investment will be reinvested in the fund, growing the initial $8 million dollars to finance new improvements. Additional dollars generated will be applied to pay down the balance of the Treasurer’s initial capitalization.
To learn more about how this financing plan can save taxpayer dollars and bring the State of Vermont’s offices up to 21st century standards, click here to view coverage from WPTZ, or here to learn more from VTDigger.