• Vermont officials get revenue update
    July 23,2013

    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.”

    MORE IN This Just In
    It will be a busy week in gubernatorial politics with two candidates holding formal campaign... Full Story
    KABUL, Afghanistan Confusion reigned in the wake of the deadly bombing Saturday of a hospital... Full Story
    Bombing at Afghan clinic kills at least 19
    Low-income mothers will soon have more choices of food for their families through a pre-exisiting... Full Story
    More Articles
    • VIDEOS
    • PHOTOS