Vermont Economy

UVM green and Waterman Building
University of Vermont

The University of Vermont has issued a new study that shows the college has an economic impact of over a billion dollars on the state.

New data out from the U.S. Census Bureau show some improving economic indicators for Vermont.

The annual American Community Survey by the Census for 2011 says Vermont was the only state that showed an increase in median household income from 2010 to last year.

It went from $50,707 in 2010 to $52,776 in 2011, a jump of more than $2,000.

Vermont was listed among the lowest for people living in poverty and for income inequality.

Copyright 2012 Associated Press. All Rights Reserved.


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.