Vermont Business Magazine Governor Phil Scott today announced the appointment of four Vermonters to the state’s judiciary, filling existing vacancies. David A. Barra, Scot L. Kline and Megan J. Shafritz were each appointed as a judge to the Vermont Superior Court, which is the state’s trial court consisting of civil, criminal, environmental, family and probate divisions. The judiciary will make the specific court assignments once these appointees are sworn in.
by Timothy McQuiston Vermont Business Magazine One of the earliest goals of Jay Peak receiver Michael Goldberg was to make the EB-5 immigrant investors who had been defrauded financially whole and, if possible, allow them the opportunity to complete the process of gaining a US “green card” for themselves and immediate family members. First, Goldberg and his team had to clean up the legal and financial mess resulting from the fraud that was revealed by state regulators and the US Securities & Exchange Commission in April 2016. He then had to get the resort businesses at Jay Peak and Burke Mountain back on firm footing. Then, he had to actually get the $200 million back.
by David Coates KPMG Managing Partner (Retired) More bad news has arrived for Vermonters, and especially Vermont taxpayers, with the release of the State Actuary's 6/20/2017 Reports. The reports cover Pension and Retiree Health Care Benefits (OPEB) for State Workers and Teachers, and results are, frankly, quite startling. The 2017 reports show that Vermont’s combined unfunded liability has increased by over $900 million (over 25%) in just one year.
Vermont Business Magazine US Senator Patrick Leahy (D-Vermont) announced Thursday morning that he has secured significant improvements to a key dairy safety net program, which are to be included in a bipartisan budget deal package to be considered by Congress this week. The overall budget deal would avoid another government shutdown for two years. It was first announced Wednesday. Vermont Senator Bernie Sanders said he will vote against the budget deal. The deal was also met with opposition in the House from the left and right. But Speaker Paul Ryan said Thursday morning that he believes he has the votes to push it through.
Vermont Business Magazine New England’s annual capacity auction for power system resources concluded Tuesday with sufficient resources to meet peak demand in 2021-2022, and preliminary results indicate the clearing price was the lowest in five years due to a surplus of capacity in the region. The auction is run by ISO New England Inc to procure the resources that will be needed to meet consumer demand for electricity in three years. The clearing price for the power is 12.6 percent lower than at last year's auction. However, because of the complex nature of what goes into the current cost of electricity, which includes transmission costs and other fees, electric bills might not necessarily go down.
Vermont Business Magazine Eight entrepreneurial start-up companies will convene next week at Burlington Electric Department’s Spark Space for the final “sprint” of Accel-VT—a business accelerator providing support, mentorship, and access to capital for early stage companies committed to climate economy innovation. The businesses were competitively selected to participate in Accel-VT to help solve the challenges related to the monitoring and control of distributed energy (e.g., storage, electric vehicles, solar, community scale wind, combined heat and power) and include Packetized Energy of Burlington, Dynamic Organics of Putney, and businesses from Maine, New Jersey, Illinois, Georgia, Florida, and Texas.
Vermont Business Magazine Vermont Secretary of State Jim Condos will present the governor’s proclamation declaring February 8, 2018 as “Legal Records Appreciation Day” on Thursday, the 8th of February beginning at 7 pm at the Center for Research in Vermont, which is holding a tribute that evening to Dr Samuel B Hand. Dr Hand set the ground work for the identification, preservation and accessibility of legal records, specifically court records, in this state. The tribute to Dr.
Vermont Business Magazine Senator Patrick Leahy (D-Vermont) late Wednesday announced that a bipartisan agreement has been reached on dairy and seed cotton improvements to the farm safety net programs for dairy and cotton farmers, led by Leahy and Senator Thad Cochran (R-Miss). Dairy and cotton farmers are facing severe financial strains, which threaten many farms’ survival.
Vermont Business Magazine Award-winning public radio journalist Sarah Ashworth will return to Vermont Public Radio in March as director of news. She will lead the station’s 15-person news team. Ashworth brings a variety of experiences to VPR, which has significantly increased its public service journalism over the last 17 years as a result of audience demand. She will lead VPR’s initiatives in broadcast and digital news gathering as the organization develops new ways to provide news, enterprise and investigative reporting while engaging the community in the process.
Vermont Business Magazine The Trump Administration appointed Anthony Linardos as the new State Director for USDA Rural Development in New Hampshire and Vermont. Linardos began his new role on Feb. 5, 2018, he will serve out of the jurisdiction’s Concord office. “I am honored to be appointed by the Trump Administration to serve the hard-working rural residents of New Hampshire and Vermont,” said Linardos.
by Governor Phil Scott On my first day in office, I set three strategic priorities: strengthen the economy, make Vermont more affordable and protect the most vulnerable. These goals guide my Administration in everything we do, including in the budgets I’ve recommended to the Legislature. My budget prevents state spending from growing faster than wages, while making smart investments for our future.
Vermont Business Magazine Mayor Miro Weinberger today announced that the City of Burlington, University of Vermont, and Champlain College have now all approved new agreements that include payments by the institutions to support the City’s 10-Year Sustainable Infrastructure Plan. The payments are contingent upon voters approving ballot question number 3 on the March 2018 ballot to support a new infrastructure bond funded by the agreements.