• 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
    Environmental advocacy groups are citing the low cost of oil as grounds to re-evaluate the... Full Story
    Did Marco Rubio’s momentum just come to a screeching halt? Full Story
    KILLINGTON — Devin Fernandez, almost completely blind, knew the mountain’s white surface dropped... Full Story
    Blind skier events draws 30 attendees
    More Articles