Leonine Public Affairs With three weeks left in the 2017 legislative session, the Senate Appropriations Committee continues to hammer out its version of the FY18 budget bill. It is likely the committee will bring the bill to the Senate floor next week. Once that happens the Senate will be spending a lot of time debating the budget. To accommodate extended floor sessions and the need on the part of the Senate “money committees” (Appropriations and Finance) to hold extensive meetings the Senate’s “morning committees” will not, after today, hold any more regularly scheduled meetings.
by Joe Carelli, president, Citizens Bank, Vermont and New Hampshire Each April, Financial Literacy Month offers a critical opportunity to educate consumers on the fundamentals of personal finance - from how checking accounts and credit cards work to how to establish a basic household budget.
Vermont Business Magazine Seeking to recognize a leading Vermont environmentalist and honor the legacy of a legendary wildlife advocate, Green Mountain Power has called for nominations for the 2017 GMP-Zetterstrom Environmental Award. Presented annually and named for famed osprey advocate Meeri Zetterstrom of Milton, the GMP-Zetterstrom Environmental Award is given to one person, business, group or non-profit who has made a significant contribution to Vermont’s environment. The award is accompanied by a $2,500 donation to the winner’s environmental cause.
Vermont Business Magazine Vermont Electric Power Company (VELCO) wants to ensure neighbors are aware of upcoming construction work associated with the PV20 Submarine Cable Replacement Project, to update the existing connection and ensure continued safe and reliable interconnection between the New York and Vermont electric grids. Construction is scheduled to start the week of April 17. The project will replace four 1958 vintage cables that run underwater from New York to Vermont.
by Timothy McQuiston Vermont Business Magazine ArcLight Capital Partners, based in Boston, was granted an amended certificate of public good by the Vermont Public Service Board on April 6 that will allow its affiliate, Great River Hydro, to acquire TransCanada’s New England hydroelectric power portfolio for $1.065 billion. The dams include those on the Connecticut and Deerfield rivers in Vermont. All workers are expected to be retained, ArcLight said when it announced the deal November 1, 2016.
Vermont Business Magazine A group of local investors led by Ralph DesLauriers and his son, Evan DesLauriers, closed Friday on the purchase of Bolton Valley Resort. Bolton Valley, located in the town of Bolton in Chittenden County was founded by DesLauriers and his father Roland in 1966. DesLauriers owned and operated the resort from its founding until 1997. Since then, the resort has changed hands several times and until Friday, was owned by two real estate developers from Burlington, Larry Williams and Doug Nedde.
Vermont Business Magazine Champlain College will bestow honorary doctorates upon NBC's Today Show host and founder of Roker Media Labs, Al Roker, and CEO of the Forney Group and the Executive Managing Director of Global Cyber Security Management at Equinoxys Inc., Renee Forney, during the College's Commencement exercises on Saturday, May 13, 2017.
Vermont Business Magazine The Vermont House Committee on Energy and Technology voted unanimously today that they will allow Executive Order 06-17. Per 3 V.S.A. Section 2002, the Executive Order will go into effect next week. Executive Order 06-17 intends to unify the state’s information technology operations and forms the Agency of Digital Services, transferring most IT positions to the new agency. This was one of Governor Phil Scott's first orders he signed in January.
Vermont Business Magazine On Monday, April 17, Governor Phil Scott will help launch the first ever statewide substance use disorder workforce summit at Vermont Technical College. Following through on one of his campaign proposals, Scott, the State of Vermont and Vermont State Colleges are partnering to host more than 150 leaders including health care, higher education, state government, and nonprofit professionals as well as elected officials to evaluate substance use disorders in Vermont and the workforce challenges of providing treatment.
Vermont Business Magazine The Vermont Department of Taxes reminds taxpayers that the deadline to file Vermont personal income tax returns is Tuesday, April 18. The April 18 deadline also applies to homestead declarations, property tax adjustment claims, renter rebate claims, and applications for the extension of time to file a personal income tax return.
Vermont Business Magazine Weekly unemployment claims increased at a brisk rate last week for the second consecutive week. Claims were down from a year ago, as they've been most weeks this year. As expected, by industry, Services reported the most claims (67 percent of the total), as most sectors saw small increases. Services typically reports the most claims.
For the week of April 8, 2017, there were 764 claims, up 224 from the previous week's total and 195 fewer than than they were a year ago.
Vermont Business Magazine Attorney General TJ Donovan urges Vermont residents to file claims on a $125 million multistate settlement that provides $35 million to consumers who paid for the brand-name drug Provigil or generic modafinil from June 24, 2006, to March 31, 2012. At the States’ request, the court extended the time to file claims on the settlement to June 25, 2017.