• 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
    Rutland got two goals from Eli Henni and Ryan McKay made three saves in notching the shutout as... Full Story
    A New York woman allegedly told police she stole money from her sister to fund her drug habit. Full Story
    A homeless man denied stealing his motherís wallet and using her credit cards to buy items to... Full Story
    More Articles
  •