Taxes

July revenues up and down, as usual

Secretary of Administration Jeb Spaulding (right) and Gov. Peter Shumlin at a news conference Wednesday, May , 2013. Photo by Andrew Stein

Mixed revenue results for July are par for the course, administration says. Compare the numbers yourself with our new monthly revenue charts.

Pearce predicts $150 million savings on retired teachers health care costs

Pearce Strikesthumb

The state will received enhanced Medicare subsidies for low-income retirees, which will help to lower overall expenditures for prescription drugs through the state health insurance plan for retired teachers.

Cost-sharing among ways Vermont cities and towns could save money

Concept

Vermont ranks high on some metrics for local government efficiency, but state experts say there’s room for improvement.

Colchester property tax dispute resonates beyond lakefront cottages

Camp Swampy

Supreme Court reverses rulings that threw out Colchester’s reappraisal of Lake Champlain camps on leased land.

State provides tax relief for businesses hit by natural disasters

Gov. Peter Shumlin announced Wednesday that $5 million in unemployment insurance tax relief would help 75 Vermont businesses forced to lay off about 300 workers when their operations slowed — or came to a screeching halt — after the storms and flooding of 2011. Companies affected by future natural disasters can receive credit for up to four weeks of unemployment insurance taxes. Photo by Hilary Niles/VTDigger

The plan will cost the trust fund $5 million this year, but lawmakers are confident the fund can take the hit.

Lawmakers vote to end moratorium on cloud computing tax

Lawmakers, including House Ways and Means chair Janet Ancel, debate the merits of a cloud computing tax on the last day of the legislative session, on May 14, 2013. Photo by Nat Rudarakanchana/VTDigger.org

Business that access software remotely will see their sales tax exemption expire in July.

Budget-writers find $10 million in reductions

Rep. Martha Heath is chair of the House Appropriations Comittee, which is holding two public hearings this week.

Sen. Jane Kitchel and Rep. Martha Heath set out to make $10 million in reductions without touching human services programs.

Amendment to increase unemployment pay fails in House

Rep. Chris Pearson. VTD/Josh Larkin

A $700,000 increase to benefits for the unemployed failed to gain much traction on the House floor on Friday, failing in a 19-118 vote.

Legislative leaders back modification to income tax

Smith and Campbell said the plan would not violate the “no new tax” agreement with the governor they made on Monday.

Shumlin, legislative leaders: No new tax package necessary, budget to get $10 million scrubbing

Gov. Peter Shumlin is joined by Senate President Pro Tem John Campbell (left) and House Speaker Shap Smth at a news conference Tuesday to announce a deal that would fund the state budget without raiding new taxes. Photo by Anne Galloway

With rosier revenues in view, expansion of sales, income, meals and tobacco taxes go out the window

Vt. Senate to debate budget Thursday; Reach Up language remains a sticking point

Sen. Anthony Pollina. VTD/Josh Larkin

The bill gives the commissioner of the Department of Children and Families sole discretion over whether parents who play by the rules can continue to receive benefits.

Vt. Senate backs $9.49 million in new taxes, leaves $575,000 hole

The Senate Appropriations Committee is poised to vote the Big Bill out Monday afternoon. StockXchng image.

Senators support tax credit extension for Ethan Allen Furniture and salvage tax credit for higher ed savings.

Preliminary approval of Senate tax bill paves way for amendments on the floor today

Sen. John Rodgers. Photo by Anne Galloway

The committee opted to vote down six of the eight amendments. The Ethan Allen tax expenditure and the cloud tax items were both tabled.

Publicly funded pre-K bill passes in House after heated debate

View of a school bus through a rainy window.

H.270 requires school districts to pay for at least 10 hours per week of pre-Kindergarten education for 35 weeks a year. About 40 towns do not offer publicly funded pre-K.

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