An act relating to flood recovery

This bill establishes a comprehensive flood recovery and preparedness framework for Vermont municipalities and businesses affected by the 2023 severe storms. It provides financial relief through tax abatement reimbursements for municipalities that lost State education property tax revenue, grants to offset municipal lost revenues, and a new Flood Recovery Assistance Program offering up to $40 million for business losses including physical damage, lost revenue, and employee wages. The legislation also creates a working group to improve emergency management coordination between state agencies and municipalities, while allowing reconsideration of property tax abatement decisions made during the disaster period.