Vermont Business Magazine New England Federal Credit Union (NEFCU) has announced that it is now accepting Nursing Scholarship applications for 2016. Three scholarships of $3,000 each are awarded each year to applicants who qualify. Applications can be obtained online at nefcu.com, at any branch, or by calling 802-879-8790. Applicants must be members of NEFCU who are applying to or are enrolled in an accredited undergraduate or graduate nursing program.
Vermont Business Magazine A lengthier divorce process of about 450 days and a higher filing fee ($295) make Vermont one of the most expensive states to get a divorce, despite having some of the lowest average attorney fees ($195) in the nation, according to a nationwide survey. California is the most expensive and Wyoming is the cheapest. Although many couples are looking forward to celebrating Valentine's Day this month, the beginning of the year also tends to be a popular time for Americans to file for divorce.
Vermont Business Magazine Over 400 Vermonters may benefit from a settlement announced today by Vermont Attorney General William H Sorrell. Vermont is joining a $470 million joint state-federal settlement with mortgage lender and servicer HSBC.
Vermont Business Magazine Senator Bernie Sanders’ legislation to expand Social Security would extend the life of the program an additional 40 years, from 2034 to 2074, according to a new analysis by the agency in charge of determining the solvency of Social Security.
Vermont Business Magazine The US House of Representatives approved an amendment introduced by Congressman Peter Welch (D-Vermont) that would expand the federal housing assistance program to cover previously ineligible expenses of low income mobile home owners. The bipartisan initiative was approved as an amendment to the Housing Opportunities Through Modernization Act (H.R. 3700), which passed the House and will now go to the Senate for further consideration.
Vermont Business Magazine Weekly unemployment claims continued to fall last week as they have since spiking after Christmas. Claims in 2015 generally were lower than in 2014, but since the holiday season they have been generally running ahead of the prior year until last week. For the week of January 30, 2016, there were 635 claims, down 118 from the previous week's total and 43 fewer than they were a year ago. By industry, claims were down for most categories but increased slightly for Services.
by Guy Page This month the Vermont Public Service Board (PSB) will consider the proposed second dry cask storage pad at Vermont Yankee. This concrete pad would support the remaining reinforced concrete and steel casks containing spent reactor fuel. Vermont Yankee plans to self-finance the $145 million project, and is willing to begin the fuel transfer two years earlier than planned. The pad’s approval was a condition of the 2013 Entergy/State of Vermont Settlement Agreement providing $50 million of redevelopment funds to Vermont.
Vermont Business Magazine What economists have called a "terrible" start to the ski season has had a predictable effect on the state's consumption tax revenues in January. Sales and Rooms & Meals were both off significantly, offsetting what was otherwise a decent month for revenues. General Fund (GF) revenues for the January were off slightly by -$1.30 million or -0.82 percent, totaling $156.85 million versus the monthly target of $158.15 million.
Vermont Business Magazine In an unusual move Thursday, the Vermont Senate has decided to revisit H187, the paid sick leave bill, despite overwhelming passage of the legislation Wednesday. The sticking point is a floor amendment before Wednesday's final vote that exempted businesses with five or fewer employees until 2018 (the "Campion amendment"). That provision would thus exclude initially many of the workers the bill is intended to help, but it would help soften the financial blow to these very small businesses.
by Mike Faher/The Commons, Brattleboro Entergy spent $58 million from the Vermont Yankee decommissioning trust fund in the first year after the Vernon nuclear plant’s shutdown, the company disclosed. Overall, with investment income and trust administrative expenses figured in, the fund decreased by about $69 million in 2015 — from $664.56 million to $595.4 million at year’s end.
by Mike Faher/The Commons, Brattleboro When groundwater is collected at Vermont Yankee, there are two sets of eyes — Entergy’s and the state’s — scrutinizing the samples for pollutants. The question, though, is whether that arrangement should continue now that the plant no longer produces power. And some say it’s a high-stakes debate, given the past discovery of contaminants, like tritium and strontium-90 at the Vernon site.
by Public Assets Institute New evidence finds that public investments that help build a skilled workforce and improve the quality of life for local residents are more likely to create jobs and build a strong economy than tax cuts and attempts to lure businesses with financial incentives. In State Job Creation Strategies Often Off Base, a new report from the Center on Budget and Policy Priorities, Senior Fellow Michael Mazerov and Michael Leachman, Director of State Fiscal Research, show that the vast majority of jobs are created by businesses that start up or are already present in a state.