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

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

by Morgan True 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:

Governor, AOT and Emergency Management officials review flooding

Wed, 04/16/2014 - 2:19pm -- tim

Coming off an all-night flood watch across the state that closed bridges and roadways, Governor Peter Shumlin today thanked Vermont’s state and local emergency and transportation crews for another difficult shift protecting Vermonters from a powerful weather event.

In addition, the governor warned that while flood waters are receding today in most regions, the water level on Lake Champlain will continue to rise in the coming days and weeks.