The big ticket items are a 1 percent increase in the rooms and meals tax, which would generate $18.9 million annually; a $10 annual motorcycle fee, which raises $6 million a year, and a 0.2 percent surcharge on the property transfer tax, which brings in $4.7 million annually.
The program, administered through the state treasurer’s office, lets people with disabilities save more money without losing state and federal benefits.
A new report underscores the risks and costs of dropping those assets from the state pension fund. But there might be other options, the treasurer said.
In the Vermont tradition of straight talk and with a can-do attitude, Treasurer Beth Pearce has both laid out the cost of cleaning up state waters and offered a way to pay for it.
The state treasurer says the state needs to collect $25 million a year for 20 years from residential and commercial property owners.
Beth Pearce says enough money is available from current revenues to cover the state’s share of the most urgent steps to cut pollution.
The plan would be targeted toward workers in businesses with 50 or fewer employees. A board would vet investment products, and participants would pay administrative costs.
It is somewhat confounding that our new governor, with his demonstrated commitment to the economy, has no apparent plan to address the economic crisis that is Vermont’s poisoned and polluted waters.
If toxic blue-green algae continues to bloom unabated on the lake, it could hurt the $2.5 billion tourism economy.
State Treasurer Beth Pearce Announces New VT-ABLE Savings Initiative for Vermont Individuals with Disabilities
News Release — Vermont State Treasurer Beth Pearce November 21, 2016 Press Contacts: Tim Lueders-Dumont (802) 595-3197 Kristen Murphy (802) 828-1312 MONTPELIER, Vt.— Vermont State Treasurer Beth Pearce today announced that Vermonters who experience a disability will soon be able to save money in a federally tax-advantaged VT-ABLE savings plan, making Vermont one of only […]
Graphed results of the statewide races. DATA
Beth Pearce, Doug Hoffer and Jim Condos win their contests by wide margins.
The state treasurer says capping the amount Vermont bonds over the next two years will help to maintain the state’s bond rating.
News Release — AFT Vermont October 13, 2016 Contact: Heather Riemer, Field Representative, AFT Vermont 802-343-1705 / [email protected] BARRE, VT — AFT Vermont elected new officers and finalized the union’s endorsement list for the Vermont 2016 election cycle at the statewide convention on Saturday, September 25th. The convention was held at the Old Labor Hall […]