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AllEarth's commuter rail Budd cars pull into Vermont

Tue, 08/15/2017 - 3:04pm -- tim

by C.B. Hall Vermont Business Magazine Ten of Williston-based AllEarth Rail's newly purchased, self-propelled passenger rail cars arrived in Vermont last week and into Montpelier today, bringing AllEarth's intentions of initiating a private commuter-rail service in the Burlington area one step closer to reality. AllEarth president Charlie Moore told VBM that he's looking forward to showing the public what the cars can do in a demonstration run this fall.

PSD recommends cutting $21.7 million from GMP's rate request

Tue, 08/15/2017 - 1:13pm -- tim

Vermont Business Magazine The Vermont Public Service Department has recommended that the Vermont Public Utilities Commission limit GMP’s proposed rate increase to just 1.68%.  Earlier this year in April, Green Mountain Power filed for a rate increase of 5.33%.  The Department’s recommendations include removing power purchase costs of approximately $6.5 million, lowering taxes, depreciation and return on capital investment by roughly $13.9 million and making other miscellaneous adjustments totaling $1.3 million. The DPS acts on behalf of the public in rates cases.

South Strafford has expanded 911 and new cell service

Tue, 08/15/2017 - 1:09pm -- tim

Vermont Business Magazine This past week, cell service officially arrived in downtown South Strafford. Thanks to new microcell technology being piloted in Vermont by CoverageCo, people on either side of Coburn’s General Store can now use cell phones to talk, text, and access 911 services. CoverageCo founder Vanu Bose said, “When we set out to prove that innovative partnerships and new technology could solve the challenge of rural cell coverage, we knew we needed a state willing to try something different.

Governor to present plan for $12.5 million in budget cuts at hearing Thursday

Tue, 08/15/2017 - 1:03pm -- tim

Vermont Business Magazine The Administration will present its FY2018 proposed State budget rescission plan and its Transportation rescission plan to the Legislative Joint Fiscal Committee on Thursday, August 17, 2017. The Committee will begin its meeting at 10 am in Room 11 of the State House, and the Administration will present its rescission plans at 10:30 am. A public hearing will follow at 1 pm in Room 11.

More low-income families in Burlington gain Internet as Comcast enhances program

Tue, 08/15/2017 - 12:34pm -- tim

Vermont Business Magazine This year, 270 more low-income homes in Burlington and South Burlington signed up for Internet Essentials, the nation’s largest high-speed internet adoption program. With the program on the rise in VT, as well as all over the country, Comcast increased the program’s Internet speeds and added free access to 18 million Xfinity WiFi hotspots, helping low-income families stay connected in and out of their homes for possibly the first time. 

McClaughry: The partisan battle over ObamaCare

Tue, 08/15/2017 - 12:30pm -- tim

by John McClaughry Democrats and Republicans in Congress are in full combat over the future of ObamaCare. Three of the key issues they’re debating are Medicaid expansion, the individual mandate, and the Cost Sharing Reduction. Medicaid is a joint Federal-state program to provide essentially free health care to the poor. The Feds cover from 50 to 74% of the overall costs, the various States 26 to 50%. The ObamaCare Act forced all states to set increased income levels for Medicaid eligibility, at the pain of losing all Federal Medicaid funds.

HIMSS Analytics launches LOGIC international intelligence providing health IT insight on a global scale

Tue, 08/15/2017 - 7:26am -- Denise Sortor

Vermont Business Magazine HIMSS Analytics today announced the expansion of the LOGIC health IT market intelligence platform to include international data, increasing its coverage to nearly 380,000 healthcare facilities spanning 47 countries around the world. LOGIC International Intelligence gives health IT vendors a powerful platform to gain a global perspective and better insight into the health IT landscape.

US phones slammed by 2.6 billion robocalls in July, Vermont growing fastest

Tue, 08/15/2017 - 3:34am -- tim

Vermont Business Magazine The national robocalling nightmare rose to 2.59 billion calls received in July, a 2.7% increase over June and a 7.5% increase over the same month last year, bringing the total to 17.2 billion robocalls received nationwide in the first seven months of 2017. Vermont had the fastest one-month growth of any state at 18 percent. Notably, Texas was blitzed by a record-breaking 307.9 million calls in July, or 11 robocalls per person, marking the most robocalls received by any state in a single month since recordkeeping began in June 2015.

Rutland celebrates Winter in August

Tue, 08/15/2017 - 2:46am -- tim

Vermont Business Magazine The Rutland Region Chamber of Commerce is pleased to announce the winners of the Best Taste Awards, Best Display Award and People’s Choice Award at the 36th Annual Chamber Winter In August Celebration held on August 8, 2017.  The event, which moved back outside to Merchants Row in Downtown Rutland, was sponsored by Davis & Hodgdon Associates, CPA's, PLC; with support from Killington 14 TV; Casella Waste Systems, Foley Linen and Celebration Rentals.  The award judging panel was made up of local foodies Gordon Dritschilo, Kathryn McGrath and Matt Anderson.  The 9 criteria included everything from complimenting flavors to appeal to the eye. Restaurants were rated on a weighted point system and scored accordingly.  Attendees voted by ballot throughout the evening for the People’s Choice Award.

Blanchard: Communicating with your siblings about aging parents

Tue, 08/15/2017 - 2:24am -- tim

by Seth N Blanchard Many adult children are called upon to help their aging parents as life changes set in, yet only 65 percent of siblings report talking about money with one another, according to research by Ameriprise Financial. While only 15 percent of siblings have conflicts over money, when siblings do spar over finances, it’s usually about their parents’ situation.

July tax revenues still soft

Mon, 08/14/2017 - 4:31pm -- tim

Vermont Business Magazine Revenue collections for the month of July, the first month of the new fiscal year, show a continued weakness in the Personal Income and Sales taxes. This under-performance, typical of fiscal 2017, comes despite lowered expectations. General Fund revenues collected for the month totaled $102.32 million, -$0.62 million below the consensus revenue target adopted by the Emergency Board on July 21, 2017, according to Secretary of Administration Susanne Young.

New WCAX owner Gray TV makes big gains 2Q 2017

Mon, 08/14/2017 - 3:57pm -- tim

Vermont Business Magazine Gray Television, Inc (NYSE: GTN and GTN.A), which bought WCAX-TV in Burlington from the Martin family last spring for $29 million, has announced record-setting results of operations for the period ended June 30, 2017, including record revenue, record net income and record Broadcast Cash Flow. Gray experienced accelerating market trends throughout the second quarter of 2017. As a result, its operating revenue and political advertising revenue significantly exceeded the high end of the guidance ranges that we had provided for this period.

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