Revenue Forecast

New England News
6:30 pm
Fri July 25, 2014

State Economists Revise Revenue Forecast, Governor Seeks Cuts

Vermont Statehouse
Credit WAMC/Pat Bradley

The two economists for the state of Vermont told the Emergency Board Thursday that the national economic downturn in the first quarter of this year has resulted in softer-than-expected state revenues. As a result, Governor Shumlin is asking state agencies to recommend cuts in their budgets averaging 4 percent.

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North Country News
2:30 am
Tue January 22, 2013

Vermont Lawmakers to Get Revenue Forecast, Hear Budget

Vermont Statehouse

The state of Vermont's financial picture may begin to clarify by the end of the week.

On Wednesday, the Emergency Board — a panel made up of the four legislative money committee chairs and Governor Peter Shumlin, is to hear a report from two economists on their forecasts for how much money the state is likely to take in during the coming year.

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New England News
6:13 pm
Thu December 6, 2012

Mass. groups concerned with cuts to local aid

Amid the uncertainty of the fiscal cliff and declining state revenues, this week Massachusetts Governor Deval Patrick proposed a series of mid-year budget cuts to close a half-billion dollar gap in state funding. WAMC’s Berkshire Bureau Chief Lucas Willard spoke to some that are concerned about the cuts.

Governor Patrick used his authority to propose emergency cuts in the state’s budget to close a $540 million gap in funding. And many are hoping that some of the governor’s planned cuts can be avoided.

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WAMC News
5:30 pm
Fri July 20, 2012

Vermont Revenue Forecast Adjusted Lower

Vermont Statehouse
WAMC

Vermont's twice-a-year revenue forecast is being revised downward, with a $10 million reduction in collections expected in the just-started fiscal year and a $20 million reduction in the fiscal year that starts in July of 2013.

Consulting economist Tom Kavet told lawmakers continued economic uncertainty in Europe and disagreements over budget policy in Washington have created significant uncertainty in the economy.

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