The World 050422

Vermont Senate Passes
2023 Budget, Expands
Funding for AMI
The Vermont Senate has approved an $8 billion budget that
includes a significant investment for advanced metering infrastructure
(AMI) in public power communities. The budget
passed the Senate on Wednesday, April 20, 2022.
In March, House lawmakers recognized a need for AMI
funding for municipal and cooperative electric utilities. The
House passed its version of the budget bill with $5 million in
one-time funding from the General Fund appropriated to AMI.
The Senate Appropriations Committee then provided unanimous
support for an additional $3 million in funding, for a
total $8 million towards the affordable, equitable implementation
of AMI in Vermont’s rural communities.
“VPPSA would like to thank both House and Senate legislators
for the inclusion of AMI funding in the budget,” said
VPPSA General Manager, Ken Nolan. “We’re grateful to the
leaders who are helping create an equitable transition to a
clean energy future where electricity remains affordable.”
The $8 million of AMI funding will be administered by the
Vermont Department of Public Service. It will be applied as a
reimbursement to municipal and cooperative electric utilities
that implement AMI systems that have been approved by the
Public Utilities Commission.
The bill will now likely head to a conference committee
consisting of House and Senate negotiators. Action on the
budget will be taken by Vermont Governor Phil Scott later this
spring.
About Vermont Public Power Supply Authority (VPPSA)
VPPSA provides municipal electric utility members with a
broad spectrum of services and solutions, including regulatory
assistance, financial planning, and power supply. VPPSA
members include Barton Village, Village of Enosburg Falls,
Hardwick Electric Department, Village of Jacksonville
Electric Company, Village of Johnson Electric Department,
Ludlow Electric Light Department, Lyndonville Electric Department,
Morrisville Water & Light Department, Town of
Northfield Electric Department, Village of Orleans, and Swanton
Village Electric Department. For more information, visit
www.vppsa.com.
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Home Mortgage Rates
LAST
DOWN
LENDER UPDATE RATE APR TERM PTS PAYMENT
Community National 04/22/22 5.500% 5.521% 30 yr fixed 0 5%
Bank 1-800-340-3460 4.750% 4.785% 15 yr fixed 0 5%
New England Federal 04/22/22 5.250% 5.276% 30 yr fixed 0 5%
Credit Union 866-805-6267 4.625% 4.669% 15 yr fixed 0 5%
Northfield Savings 04/22/22 5.000% 5.041% 30 yr fixed 0 5%
Bank (NSB) 4.375% 4.445% 15 yr fixed 0 5%
802-485-5871
VT State Employees 04/22/22 5.250% 5.293% 30 yr fixed 0 5%
Credit Union (VSECU) 4.625% 4.697% 15 yr fixed 0 5%
1-800-371-5162 X5345
Rates can change without notice.
***APRs are based on 20% down payment. Some products are available with as little as
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FINAL PHASE
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VIEW HOMES BEING BUILT SUNDAYS 1 PM – 3 PM
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CALL 802-249-8251 OR 802-734-1920
CALL 802-249-8251 OR 802-734-1920
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Directions: From RT 302, turn onto Hill Street at Elmwood Cemetery, ¾ mile on Hill Street, left onto
Windy Wood Road, look for sign on left and turn into Windy Wood.
Single family homes priced from $335,000
Directions: From RT 302, turn onto Hill Street at Elmwood Cemetery, ¾ mile
on Hill Street, left onto Windy Wood Road, look for sign on left and turn into
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Become a Homeowner
through Habitat for Humanity
We are accepting applications for a
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Apply before June 1, 2022
What an Opportunity!
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317 River Street | Montpelier, VT 05602
LoriHolt@VTREGroup.com
802-793-6223 cell
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Learn More: centralvermonthabitat.org/homeowner-selection
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To request an application, call 476-8645 or stop by the on-site
rental office at 73 Highgate Drive, #121, Barre, VT.
EQUAL HOUSING OPPORTUNITY
BECKLEY HILL MEADOWS
BARRE TOWN
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May 4, 2022 The WORLD page 31