We look at potential state revenue sources,
from the Earned Income Tax Credits to the gas tax to break-open tickets, and we hear how far snowmaking technology has come since its invention
70 years ago.
administration says the $92 million raised last month was six percent
better than a year ago. But economists had
predicted the total collections would be just a little bit higher than that.
Vt. revenues ahead of 2011; lag forecast slightly
Vermont’s twice-a-year revenue forecast is being
revised downward, with a $10 million reduction in collections expected in the
fiscal year that just started, and a $20 million reduction in the fiscal
year that starts in July of 2013.
The state’s unemployment rate dropped again giving Vermont one of the lowest rates in the country. But state
revenues have fallen for the third month in a row, creating a $14 million hole in next year’s budget.
State economists tell the governor and legislative
leaders that Vermont’s economic recovery is slow and tentative. So while state revenues are climbing higher, Governor Peter Shumlin says he wants to
be cautious about spending any surplus.