Vermont officials get revenue updateJuly 23,2013The Associated Press
MONTPELIER — Two consulting economists say Vermont’s revenue forecast is improving, with the general fund and transportation fund expected to be up in fiscal year 2014.
The economists recommended to lawmakers and the governor on Tuesday an increase of 3 percent in the general fund to $4 million for the fiscal year and a 7.4 percent upgrade to the transportation fund to $17.2 million from their January forecast.
But the economists recommended downgrading the education fund by 3 percent or $500,000.
Economist Thomas Kavet says the state ended the fiscal year 1.5 percent above expectations. But he said the economic recovery has been slow.
He says the state would normally be having accelerated rates of growth at this stage but says it’s not because of “headwinds that exist from federal fiscal policy.”MORE IN This Just InJust days before his crusade with cancer was lost, Sgt. Full Story
- Most Popular
- Most Emailed
- RICHARD'S POOR ALMANACK: Well diggers in Cardiff, New York, find what is thought to be the petrified body of a 10-foot-tall man, perfectly preserved after thousands of years, which becomes a popular roadside attraction until proven to be a fake.
- Pittsford Haunted House
- RICHARD'S POOR ALMANACK: On this day in 1720, 'Calico Jack' Rackham, Caribbean pirate and early feminist, known for recruiting women to his crew and for fabric decorating skills after creating 'Jolly Roger' flag, is captured by the British Royal Navy.
- TOMORROW'S HEADLINES TODAY: Vermont has a new state Supreme Court Justice; city hospital says it can save plenty by upgrading its lights and trucking in natural gas; Springfield has a new town manager, former West Rutland guy, Tom Yennerall.
- RICHARD'S POOR ALMANACK: On this day in 1307, King Phillip the Fair of France orders hundreds of Knights Templar rounded up and arrested, charged with heresy, tortured until they confess; on this day in 1917, thousands see miracle of Our Lady of Fatima.
- TOMORROW'S HEADLINES TODAY: Solarfest likely to be on hold until at least 2016, Great Dane involved in theft of an $89,000 shotgun leads police to the thieves, PSB will not reopen VGS pipeline case, prosecutors want evidence in body-packing drug case.