Lower tax receipts mean $89M Education Fund shortfall

MONTPELIER — With the Vermont Education Fund’s revenue sources hit hard by the COVID-19 pandemic, a legislative office last week projected that the fund will have an $88.7 million revenue shortfall. “State revenues are expected to fall dramatically,” leading to a shortfall for the fiscal year that ends this June — Fiscal Year 2020, according to an April 9 draft issue brief prepared by the Vermont Legislature Joint Fiscal Office (JFO).  Legislators are scrambling to cover the shortfall, the size of which was … (read more)

MONTPELIER — Vermont tax authorities have loosed up deadlines that businesses and individuals must meet for filing taxes. Gov. Phil Scott has directed the Commissioner of Taxes to exercise his authority to provide relief to Vermont businesses who owe Meal … (read more)

MONTPELIER — Vermonters interested in conserving wildlife should donate to the Nongame Wildlife Fund on their state income tax form this year, according to the Vermont Fish and Wildlife Department. The fund helps protect some of Vermont’s most threatened … (read more)

MONTPELIER — Like last year, the Republican governor is proposing a conciliatory approach to legislative initiatives and small-bore changes across state government. And like last year, his No. 1 issue is Vermont’s ongoing decline in workforce population. … (read more)