News

Legislators want to set February 2015 deadline for universal health care funding plan

Wed, 04/16/2014 - 8:05am -- tim

by Morgan True vtdigger.org A new legislative proposal would freeze the funding for the Shumlin administration’s transition to a universal health care program if officials don’t present lawmakers with public financing details by February 2015. Governor Shumlin wants the universal program to go live on January 1, 2017. But fiscal year 2017 begins on July 1, 2016, and lawmakers want to have enough time to develop and pass a funding scheme, which could profoundly alter the tax code.

First quarter VBR-EPR Business Conditions Survey shows positive outlook

Tue, 04/15/2014 - 3:32pm -- tim

Lisa Ventriss, President of Vermont Business Roundtable (VBR) and Jeffrey Carr, President, Economic & Policy Resources (EPR), on Tuesday announced the 1st Quarter results of their joint initiative, the VBR-EPR Business Conditions Survey. The survey, which is conducted quarterly, is the next generation of the Roundtable’s economic outlook surveys that began in 2004, and provides a more meaningful and predictive index going forward.

Moody’s improves Burlington’s credit rating outlook to 'stable'

Tue, 04/15/2014 - 2:18pm -- tim

Driven in large part by the City of Burlington's partial settlement with CitiBank over the repayment of Burlington Telecom debt and by the city's overall economic health, a major credit rating service has improved the city's rating from "negative" to "stable." Moody’s Investors Service published a Ratings Report Monday, in which Moody’s improved Burlington’s credit rating outlook to “stable” – revising the City’s rating to “Baa3 stable” from “Baa3 negative.” 

In its rating rationale, Moody’s shared the following:

Woman rescued from vehicle trapped in flood waters in Montgomery

Wed, 04/16/2014 - 8:26am -- tim

At approximately 5:30 Tuesday evening, Vermont State Police received a report of an occupied truck stuck in rising flood waters on Longley Bridge Road in Montgomery. Members of the Vermont State Police, Franklin County Sheriff's Office, Enosburg Rescue, and area fire departments responded to the scene. During their response units found direct routes to the stuck vehicle were impassible due to flood waters and/or heavy mud on back roads. This drastically increased response times as alternative routes were sought.

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