Economists say Vermont’s tax revenues are sliding
Budget-writers need to find $9.3 million to cover a projected shortfall in tax receipts.
Economist says state revenues on target after Irene; Budget gap widens to $80 million
Tax receipts in all areas have remained steady this year in spite of the turbulent national economy, but expenditures are still expected to exceed revenues.
Vermont’s economy weakened but stable; new challenges loom
Tom Kavet, the economist for the Legislature, says while Vermont’s credit rating is still triple-A rated or double A+, the national downgrade makes the overall economy more fragile.
State economists: Slow, tentative recovery still a worry
“We’re still in a situation of uncertainty,” Kavet said. Much depends, in his view, on how the federal government withdraws funding for states and what the “capacity of the private sector is to fill that void.”
Vermont state senators urge consideration of consensus report on Yankee
April 8, 2010 FOR IMMEDIATE RELEASE Contact: 802-828-2228 Senator Peg Flory Senator Richard Mazza Senator Phil Scott Senator Bobby Starr State Senators Urge Consideration of Newly-Issued Consensus Report on Vermont Yankee Legislature Commissioned Major Study 16 Months Ago At a press conference held today at the Vermont State House, four Vermont senators urged the Legislature [...]
Vermont House passes $72 million Capital Construction bill
An analysis run by Kavet finds that the bill would create as many as 800 new Vermont jobs. About 550 of the jobs will be in the construction sector.
The Rutland Herald: “To achieve $30 million in human services cuts, needs will go unmet”
Job losses (in the human services sector) will have their own ripple effects, further depressing the economy.
State economist: Douglas’ AHS budget cuts would cause 1,000 to 1,400 layoffs
The total impacts on the state’s economy could “approach losses of $50 million per year” and “exceed $40 million per year in personal income.”
