• Vermont officials get revenue update
    July 23,2013
    • Email Article
    •  
    •  Print Article
     
    The 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.”
    • Email Article
    •  
    •  Print Article
    2 Comments
    MORE IN This Just In
    In sifting through my ever expanding Pocket queue of things I’ve been meaning to read, I found... Full Story
    An eyewitness said a female driver struck a pedestrian near Wal-Mart downtown. Full Story
    A lack of transparency and breach of trust was on the mind of many as the Rutland... Full Story
    Board of Aldermen question refugee representatives
    More Articles