Vermont Lawmakers Get Good Revenue News
Vermont lawmakers grappling with how much new revenue they need to raise in the coming fiscal year just got some welcome news.
Revenues for April — mainly due to very strong performance in the personal income tax — appear to have come in about $27 million ahead of what was expected.
That equals the amount of new taxes the House was calling for in the coming year.
House Speaker Shap Smith and other members are voicing caution, saying they don't know whether the strong revenue collections will continue.
But Rep. Jim Masland, a member of the tax-raising House Ways and Means Committee, says the news may make it easy for the House and Senate to resolve their differences this year over new taxes.
Copyright 2013 Associated Press. All Rights Reserved.