Business & Economy

Thanks for helping us meet our summer membership goal!

JOHN-PERRY membership drive

Many, many thanks to the 159 individual donors who helped us raise $16,433 for our summer membership drive! Your contribution goes a long way toward keeping VTDigger strong. Thank you! Anne Galloway Executive director, Vermont Journalism Trust Editor, VTDigger Diane Zeigler Publisher

Private donations boost GMO legal defense kitty to $160,000

Jerry Greenfield and Gov. Peter Shumlin unveil "Food Fight Fudge Brownie" outside the Ben & Jerry's scoop shop on Church Street in Burlington. Photo by Anne Galloway

MoveOn.org and Minnesota couple contribute $50,000 each to help the state defend its GMO labeling law. Cost could reach $8 million.

VTDigger exclusive: Jay Peak loses trust of first EB-5 investors

Bill Stenger stands before the future Stateside Hotel at Jay Peak in September 2013. File photo by Hilary Niles/VTDigger

Bill Stenger and his partner, Ariel Quiros, did not consult with the 35 limited partners in the Tram Haus project before they dissolved the company last August and converted investors’ stake in the property into unsecured loans.

NRC says long-term dry cask storage of spent fuel is safe

A nuclear spent fuel storage pool. NRC photo

New study by the federal nuclear regulative body says structures designed to store spent nuclear fuel can withstand natural disasters and the risk of terrorist attack is unlikely.

PSB halts Vermont Gas pipeline project along VELCO route

The Vermont Public Service Board late Friday ordered Vermont Gas to halt construction of its natural gas pipeline extension along certain sections of the proposed route until the company submits a soil management plan. Pipeline opponents say construction in the VELCO transmission line corridor will release a “hazardous” chemical lodged in the soil. The wood […]

Analysis: What’s behind the state’s revenue downgrade

Tom Kavet, right, says while Vermont's credit rating is still triple-A rated or double A+, the national downgrade makes the overall economy more fragile. VTD/Josh Larkin

State economists outlined several factors behind Vermont’s slower than expected economic recovery. Some reflect trends beyond the state’s control, others highlight regional differences in Vermont’s economy, and a few remain a mystery.

Lawmakers OK $600,000 to hire staff to implement IT overhaul

Lawrence Miller, chief of health care reform testified before the Joint Fiscal Committee on July 24, 2014, with Stephanie Beck, the person responsible for the overhaul of Human Services' IT systems. Photo by Hilary Niles/VTDigger

Despite news Thursday that budget cuts will be required to cope with a downgrade in the state’s revenue forecast, officials say the project must move forward.

Barre awarded $1.6 million to recover from flood damage

BARRE — The Granite City received $1.6 million in federal disaster recovery grants Thursday to repair damage caused by flooding. Pointing to a nearby flood-damaged foundation of a former dry cleaning site on Enterprise Alley, city and state officials said the majority of the money will be used to clean up the contaminated site and […]

Five of six damaged Air Guard fighters return to duty

The Vermont National Guard said Thursday that three of six F-16 fighter jets damaged in a powerful storm this month are back in service. Two more are expected to be ready to return to service by the end of the day, the Guard said in a news release. The sixth jet was more severely damaged […]

Story and video: Shumlin administration looks for savings to offset $31M downgrade in state revenue

Gov. Peter Shumlin and Secretary of Administration Jeb Spaulding announced a reduction in revenue forecasts for fiscal year 2015 at a news conference Thursday, July 24. Photo by John Herrick/VTDigger

Gov. Peter Shumlin says the 1.8 percentage point reduction in forecast is a “minor adjustment” that will require budget cuts, but not layoffs.

Burlington makes case for selling Burlington Telecom

Mayor Miro Weinberger testifies before the Public Service Board. Photo by Hilary Niles/VTDigger.org

The ultimate asking price and ownership structure will determine what, if anything, city taxpayers may recoup from their unwitting investment in the public utility. A hypothetical market value of $11 million wouldn’t leave much after other stakeholders claim their share, but city officials say it’s the best possible deal.

Vermont’s high ranking in child welfare survey masks reality, advocates say

A woman and child play at the COTS family shelter

Many Vermont children still suffering from the effects of the recession, despite high overall marks in the annual Kids Count survey

State accuses Dollar Tree of violating agreement on jewelry sales

Vermont has sued the retail chain Dollar Tree for allegedly violating consumer protection laws prohibiting the sale of children’s products that may contain lead. The Virginia-based national discount chain agreed in 2010 to stop selling children’s jewelry products or other items containing lead above 300 parts per million. Lead is a chemical used to treat […]

TransCanada, Vermont towns negotiate over property tax increase

Editor’s note: This article is by Mike Faher of the Brattleboro Reformer, in which it was first published July 22, 2014. VERNON — Though a sit-down meeting did not produce a solution, some of those involved in a lengthy legal dispute over the value of two hydroelectric stations still believe the case may not have […]

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