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Shumlin proposes cutting current state spending nearly 2 percent as tax revenue slows

Thu, 07/24/2014 - 11:43am -- tim

Governor Peter Shumlin and Administration Secretary Jeb Spaulding said today that Vermont continues to recover from the deepest recession since the Great Depression. In Fiscal Year 2013, Vermont’s General Fund receipts were up $91 million over the previous year. This past fiscal year saw continued growth, with receipts $46.6 million higher than 2013. Since 2011, receipts have increased by a total of $179.6 million, helping reverse the trend of declining revenue brought about by the recession.

Milne takes aim at Shumlin’s policy, style and record

Thu, 07/24/2014 - 12:14pm -- tim

Scott Milne, the Vermont GOP-endorsed gubernatorial candidate, formally launched his campaign Wednesday in Barre with a one-two punch aimed at Governor Peter Shumlin. Milne promised not to vilify the governor’s character, and then promptly walked into a backhanded attack on Shumlin’s governing strategy. “Bullying tactics are not respected where I come from,” he said. “Leadership is defined by trust, not brazen displays of power.”

Opponents of wind development in southern Vermont make case in federal court

Thu, 07/24/2014 - 8:36am -- tim

by John Herrick The nation’s second-largest wind power operator wants to be the first to develop a utility-scale wind project on national forest land in the Green Mountain State. Spanish wind giant Iberdrola Renewables defended the project in federal court in Brattleboro Wednesday. Wind opponents have challenged the company’s special use permit to build a 30 megawatt project in the Green Mountain National Forest. Th

Essex solar farm changes hands

Thu, 07/24/2014 - 6:08am -- tim

PSEG Solar Source of New Jersey has announced that it will acquire the ERWR Whitcomb Farm Solar project in Essex from juwi solar (JSI). The facility, which will now be known as the PSEG Essex Solar Energy Center, has a 25-year power purchase agreement (PPA) with Vermont Electric Power Producers (VEEP), Inc, as part of the Vermont Sustainably Priced Energy Enterprise Development (SPEED) program. During JSI's ownership of the project, it advanced the development work previously performed by Encore Redevelopment, Walden Renewables and Whitcomb-Smith Solar.

Okemo launches Operation Snowburst Part 2

Thu, 07/24/2014 - 4:01am -- tim

Okemo Mountain Resort’s Operation Snowburst is returning for a second season of snowmaking improvements to include the addition of 100 new, energy-efficient tower guns. Operation Snowburst Part 2 brings Okemo’s mountain-wide total of HKD tower guns to 1,125. Okemo also utilizes several hundred snowmaking guns of varying types, but it is the HKD SV series of guns that will be making a big impression on skiers and riders visiting Ludlow's Okemo, and specifically the Solitude area, this winter.

Berlin psychiatric hospital to be fully online by next month, lawmakers told

Wed, 07/23/2014 - 4:14pm -- tim

by Katie Jickling Vermont’s new psychiatric hospital is on track to be at full capacity by mid-August. The House Mental Health Oversight Committee heard testimony Tuesday from the Department of Mental Health and officials from several Vermont hospitals about staffing and patient capacity at the new Vermont Psychiatric Care Hospital in Berlin.

Patricia M Sears named AARP Vermont State President

Wed, 07/23/2014 - 3:08pm -- tim

Patricia M Sears has been appointed State President of AARP Vermont, a volunteer position working closely with both staff and volunteers throughout the state to help AARP achieve its mission in Vermont. Her responsibilities include serving as primary volunteer spokesperson, chairing the AARP Vermont Executive Council, building networks and community partnerships and recruiting volunteers. Sears takes over the position held by Jim Leddy since 2008.  Leddy has accepted the position of Regional Volunteer Director with AARP working with state offices throughout the Northeast. 

Merchants Bancshares announces Q2 2014 results

Wed, 07/23/2014 - 2:22pm -- tim

Merchants Bancshares, Inc (NASDAQ: MBVT), based in South Burlington, the parent company of Merchants Bank, has announced net income of $3.41 million and $6.82 million, or diluted earnings per share of $0.54 and $1.07 for the three and six months ended June 30, 2014, respectively. This compares to net income of $4.03 million and $7.63 million, or diluted earnings per share of $0.64 and $1.21 for the three and six months ended June 30, 2013, respectively.

VEDA approves $17.8 million in financing to support $35 million in Vermont projects

Wed, 07/23/2014 - 10:08am -- tim

The Vermont Economic Development Authority (VEDA) has approved $17.8 million in commercial, agricultural, small business and energy development financing to support projects totaling almost $35 million throughout the state. Financing included projects for the renovation of Rice Memorial High School in South Burlington; machinery for Cabot Hosiery Mill of Northfield; snowmaking upgrade for Smugglers Notch Resort in Jeffersonville; renovation cost of the Edson Hill Manor in Stowe; expand distribution for CDL USA in St Albans; and energy financing for SolarSense in Bristol.