As Vermont cities and towns continue to borrow money at a swift
pace in the wake of Tropical Storm Irene, the state treasurer is defending the increase in
municipal bonds.
Rutland
City Treasurer Wendy Wilton officially kicked off her campaign for Vermont state treasurer on Monday. She
was joined by former Governor Jim Douglas, Republican gubernatorial candidate
Randy Brock, and Rutland City Mayor Chris Louras.
The state of Vermont has once again received high ratings from the three
major investor services. They cited Vermont’s strong financial management and conservative debt
management among the reasons for the state’s ranking.
Governor-elect
Peter Shumlin, who picked state Treasurer Jeb Spaulding to be his
administration secretary, has chosen Spaulding’s replacement. It is Beth
Pearce, who is now the deputy treasurer.