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Vermont revenue figures fall 10 percent below target

Wed, 02/04/2009 - 3:48pm -- admin

Secretary of Administration Neale F. Lunderville has released General Fund revenue results for the month of January, the seventh month of Fiscal Year 2009. General Fund revenues were well below target for the month as compared to the consensus revenue target revised in mid-January. The General Fund revenues of $119.20 million for the month of January 2009 were -$14.05 million or -10.54% below the $133.25 million consensus revenue forecast for the month. Year-to-date, General Fund revenues were $674.91 million or -$14.05 million (-2.04%) below the consensus revenue forecast for FY 2009.

State wants to increase UI tax, cut benefits

Wed, 02/04/2009 - 9:14am -- tim

The Vermont Department of Labor is proposing that the state increase the tax charged to businesses to support the Unemployment Insurance Trust Fund and should also decrease the benefits paid to unemployed workers in order to head off a deficit in the trust fund.
Labor Commissioner Patricia Moulton Powden presented her department s Unemployment Insurance Reform Proposal ( to the Government Affairs Committee of the Vermont Chamber of Commerce yesterday.

"Vermont in Transition: Social, Economic and Environmental Trends" released today

Wed, 02/04/2009 - 8:54am -- tim

As Vermont is poised to make major financial decisions with far reaching policy implications, new research may prove instrumental in shaping the discussions. The Council on the Future of Vermont and St. Michael s College just published Vermont in Transition: Social, Economic and Environmental Trends, a comprehensive study of the major trends that are impacting life in the state.

Vermont heating fuel dealer testifies in Congress

Wed, 02/04/2009 - 8:48am -- intern

Washington, D.C.--Today Sean Cota, co-owner of Cota & Cota in Bellows Falls Vermont testified before the House Agriculture Committee. The committee asked for insight on how the Derivative Markets Transparency and Accountability Act could help heating fuel dealers and consumers. The goal of the legislation is to end the abusive practices by paper oil speculators that has created wild volatility in the energy markets.

Growth of unemployment claims slows for the week

Wed, 02/04/2009 - 8:47am -- tim

Week Ending January 31, 2009. There were 1,339 new regular benefit claims for Unemployment Insurance last week, an increase of 33 from the week before. Altogether 16,248 new and continuing claims were filed, 343 more than a week ago and 5,780 more than a year earlier. In addition, the Department processed 1,816 claims for benefits under Emergency Unemployment Compensation, 2008, an increase of 8 from last week.

Vermont Recognized Nationally for Student AP Exam Scores

Wed, 02/04/2009 - 8:44am -- tim

The College Board released its fifth annual AP Report to the Nation today, and highlighted Vermont as a national example in preparing students for college. Vermont saw the largest five-year increase in the country in the percentage of its student population scoring 3 or higher on at least one AP (Advanced Placement) exam in high school.

Chittenden Bank Pledges $125,000 to the Vermont Association for the Blind and Visually Impaired

Wed, 02/04/2009 - 4:18am -- admin

The Vermont Association for the Blind and Visually Impaired (VABVI) is a non-profit organization founded in 1926 with the assistance of Helen Keller and remains to this day the only private agency in the state to offer free support, education and rehabilitation services to all blind and visually impaired residents. VABVI s mission is to enable Vermonters with vision problems, whether blindness or impairment, to achieve and maintain independence.

Ben Stein Backs Out of UVM Commencement

Tue, 02/03/2009 - 9:31am -- admin

The following was sent in a mass email to the UVM community from Daniel Mark Fogel, President of UVM.
I am writing to inform you that Ben Stein, a renowned economist and public personality, has informed me of his decision to withdraw from our Commencement ceremonies in May.
As you may know, Mr. Stein delivered an excellent Kalkin lecture on our campus last year, focused primarily on economic issues, to which our students responded warmly and enthusiastically. It was on the basis of that experience that I extended him an invitation to be our Commencement speaker.

Omega Real Estate Associates, Inc. announces latest commercial transactions

Tue, 02/03/2009 - 8:14am -- admin

Nicole L. Senecal of Omega Real Estate Associates, Inc was the listing agent of the 6,600 SF office building at 1191 S. Brownell Rd. in Williston. The Tenant was Dominion Diagnostics, LLC. of Rhode Island. Nicole L. Senecal was also the selling agent.
Nicole L. Senecal of Omega Real Estate Associates, Inc. was the listing agent of 5,436 SF of space at 104 Old Colchester Rd. in Essex Junction. The Buyers are Happy Land Child Care. Duncan Harris of Redstone was the selling agent.

Verizon Transfers Responsibility for Network Systems to FairPoint Communications

Mon, 02/02/2009 - 8:50am -- tim

NEW YORK, Feb. 2 /PRNewswire/ -- Verizon Communications announced today (Feb. 2) that it has completed the process of transferring to FairPoint Communications Inc. all responsibility for the systems supporting the operations of FairPoint in Maine, New Hampshire and Vermont.FairPoint Communications provided a Notice of Readiness to Verizon in November, indicating that FairPoint would conclude its Transition Services Agreement with Verizon at the end of January 2009.