Governor Peter Shumlin will sign new legislation passed in the 2015 session strengthening Vermont’s captive legislation in a variety of areas including groundbreaking changes to the investment guideline to allow marketable securities along with cash, trusts and letters of credit to meet the minimum capital requirement. Governor Shumlin will hold a ceremonial signing of the bill alongside captive insurance industry professionals on May 7, in Burlington.
After a warm, dry weekend and a Red Flag warning yesterday that ended with more than 25 new reports of wild fires, the Vermont Department of Forests, Parks, and Recreation (FPR) has issued an order for all of the state's forest fire wardens to cease issuing burning permits as of 3 pm on May 5 through May 19. A Red Flag Warning means there are critical fire weather conditions including low relative humidity, high winds with little to no precipitation had fallen in the past few days. Fires that ignite during these conditions spread rapidly and with high intensity.
Satellite television retailers sent a letter to lawmakers today urging the Legislature to reject a Senate proposal to impose a new tax on satellite television subscribers. This tax would be an addition to the 6% tax already paid by Vermonters making the total tax among the highest in the nation.
Three alumni and their families have made gifts totaling $5 million to endow three head coaching positions at Dartmouth College.
Vermont Business Magazine Following an executive shakeup involving its chief technology officer, Waterbury-based coffee company Keurig Green Mountain (NASDAQ: GMCR) issued this statement: “Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company.
by Morgan True vtdigger.org The Green Mountain Care Board rejected a request from the University of Vermont Medical Center to spend an additional $1.45 million on planning for a proposed $187.3 million inpatient facility still under review by the regulatory board. The board denied the request for additional planning money because the hospital wanted to proceed with “preconstruction services” that were supposed to begin after the final project was approved.
Vermont Governor Peter Shumlin attended KidSafe Collaborative’s Annual Outstanding Service Awards and congratulated the honorees for their efforts to improve child safety and wellbeing, at a luncheon held April 16 at the Sheraton Burlington.
The 2015 Awards were presented to:
Outstanding Professional: Steve McLaughlin, Social Worker, Vermont Department
for Children and Families, Family Services Division – Burlington Office.
Outstanding Promising Professional: Ashley Sargent, Wendy’s Wonderful Kids
Recruiter, Lund – Family Adoptions Unit.
Each baby born at a Vermont hospital on May 29 this year will receive a $100 deposit into a Vermont 529 college savings account opened in his or her name by the Vermont Student Assistance Corp. The Vermont Association of Hospitals and Health Systems is joining VSAC, which administers Vermont’s 529 college savings plan, to help educate Vermont families about saving for college for their children.
by Timothy McQuiston, Vermont Business Magazine Just as the state economists suggested might happen in regards to personal income tax revenues, April receipts were the largest on record in the state of Vermont at $160.76 million, in data released today. The economists made this prediction in large part because of growing corporate profits in 2014 that did not show up in typical personal income withholding, but had to be accounted for once taxes were filed.
The Hermitage Ski Club at Haystack Mountain, a private ski resort in Wilmington and Dover, Vermont, has admitted to violating land use and environmental permitting laws and has agreed to pay $205,000 in civil penalties for violations that occurred during construction and development of the ski resort. “Developers cannot ignore our permitting and environmental statutes,” said Attorney General Bill Sorrell. “Ski resorts are critical to Vermont’s tourism economy, but all development projects must meet our environmental standards,” he added.
Seventh Generation, a leading household and personal care company, based in Burlington, Vermont, today launched a new promotion in partnership with Whole Foods Market and Baby Buggy that will help make every diaper change a "change for good." For every pack of Seventh Generation Free & Clear diapers purchased at Whole Foods Market from May 1 - September 30, 2015, Seventh Generation will donate a pack of newborn or size one diapers to Baby Buggy, a national nonprofit that provides families with children in need across the country with essential gear, clothing, products and services.
Steve and Deb Mayfield, owners of the Shelburne Country Store, today announced the acquisition of The Christmas Loft located in Shelburne. Based in Jay, Vermont, The Christmas Loft is a privately held corporation that operates three retail locations in Shelburne and in North Woodstock and North Conway, New Hampshire. The purchase by the Mayfields includes just the Shelburne location. The Christmas Loft will continue to operate the remaining New Hampshire locations as well as their office and warehouse in Jay independently.