Senate money bills coming together
Senate Finance agreed to a moratorium on cloud computing taxes and a $5 million tax on Vermont Yankee.
Senate Appropriations Committee pitches payback plan for property taxpayers
Meanwhile, the Joint Fiscal Office estimates that the statewide property tax will increase by 7 cents next year.
Three percent school spending increase could drive statewide property tax up another penny
School budgets increased by an average of 2.9 percent statewide following Town Meeting Day ballot results from municipalities around the state.
Progressives call for tax fairness
The new tax revenues would total more than $17.5 million a year. The money would be used to shore up the state’s weatherization program.
Inside the Golden Bubble: Amendments, political statements and taxing debates
The Democratic majority in the House has inoculated itself politically for the upcoming election season when property taxpayers in many communities could be suffering from sticker shock.
Senate rejects amendment to shift surplus money to Ed Fund, passes Budget Adjustment Act
An overwhelming majority, not always along party lines, rejected the measure.
House proposes to raise property taxes by one penny; Senate pulls Olsen amendment from the BAA
The Senate eliminated a provision that would have funneled surplus money into the Education Fund.
Margolis: Penny wise and pound foolish
According to economists, sales tax holidays don’t increase consumption as much as they alter the timing of the consumption, and to a smaller extent the nature of consumption.
Department of Motor Vehicles commissioner says fees to go up
Car registration fee increases of $2 to $6 will raise about $3 million to support Agency of Transportation programs, or about half of the revenue generated by fee hikes.
Economists say Vermont’s tax revenues are sliding
Budget-writers need to find $9.3 million to cover a projected shortfall in tax receipts.
