The Legislative Joint Fiscal Office supports Vermont’s legislative branch by providing nonpartisan fiscal analysis and revenue forecasting to inform budgetary decisions and policy development. Its core mission centers on ensuring transparent, data-driven fiscal governance through expert economic mod...
The Legislative Joint Fiscal Office supports Vermont’s legislative branch by providing nonpartisan fiscal analysis and revenue forecasting to inform budgetary decisions and policy development. Its core mission centers on ensuring transparent, data-driven fiscal governance through expert economic modeling and financial planning services. Strategic priorities include enhancing the accuracy and timeliness of state revenue projections, improving fiscal sustainability analysis, and strengthening the legislature’s capacity to evaluate long-term fiscal impacts of proposed legislation. Key programs focus on maintaining robust fiscal forecasting models, supporting interagency financial coordination, and delivering actionable insights to lawmakers during budget cycles.
The agency primarily procures professional services related to economic and revenue forecasting, relying on contracted expertise to supplement in-house analytical capabilities. Contracts are typically structured as professional services engagements under general procurement authorities, often issued as competitive solicitations without set-asides. These engagements emphasize technical rigor, data integrity, and adherence to state fiscal methodologies, with vendors expected to deliver modeling frameworks that integrate demographic, tax, and economic trend data.
The agency’s procurement activity is concentrated in NAICS 541214 (Payroll Services), which, in this context, reflects a broader need for specialized fiscal and economic modeling services—often misclassified under payroll due to system categorization limitations. While no set-aside preferences are evident, the agency consistently seeks vendors with demonstrated expertise in state-level revenue analysis, econometric modeling, and public finance forecasting. Vendor relationships are built on technical credibility, past performance in government fiscal contexts, and the ability to deliver audit-ready analytical outputs.
The Legislative Joint Fiscal Office operates as a nonpartisan arm of the Vermont General Assembly, embedded within the state’s legislative branch. It serves as the primary fiscal advisory unit for lawmakers and committees, coordinating with executive agencies to ensure fiscal data consistency. The agency utilizes standard state procurement vehicles for professional services and maintains a lean, centralized structure focused exclusively on legislative fiscal support. Its geographic presence is confined to Vermont, with no external offices or branches.
