Campaign for Vermont: Legislative session blunts hope for shared prosperity

For immediate release
May 1, 2012

Contact
Shawn Shouldice 802-371-7923

Budget grows faster than economy,

Subsidies will boost electric rates,

Health care a risky bet

Montpelier (May 1, 2012)– Campaign for Vermont Founder Bruce Lisman announced a new radio advertisement today putting a spotlight on the fiscal consequences of this 2012 legislative session.

“In January of this year, Campaign for Vermont applauded Governor Peter Shumlin’s commitment to taking care of Vermonters but voiced concern for the lack of fiscal constraint in his state budget,” explained Lisman.

“Governor Shumlin’s proposed overall increase of near 6% and general fund increase of 5.5% are fiscally risky ventures. These increases, on top of a 15% increase over the past 4 years, will come back to haunt Vermont’s taxpayers.

“Together the Administration and legislature have led us down three risky paths ; a new health care system of unknown costs, increased electricity costs to pay subsidies for more expensive alternative energy, and their continued abdication of the leadership necessary to enact education finance reforms that protect property taxpayers. Moderation has not been highly valued this legislative session,” Lisman said.

 

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