by Benjamin Kinsley Campaign for Vermont Prosperity Many Vermonters probably had mixed reactions to the nomination of Betsy DeVos as US Education Secretary. On the one hand, she is espoused as a proponent of school choice which is prized by many of our rural communities. On the other hand, Vermont lead the country in rejection of Donald Trump last November (by 28 points). Nearly every single one of his cabinet choices have drawn criticism, but none have drawn quite the ire that DeVos has.
Vermont Business Magazine For the second consecutive month, Personal Income, the state's most important revenue source, was again ahead of targets, leading to an overall positive month for taxes. General Fund revenues collected for the month of January totaled $165.86 million, $3.12 million above the consensus revenue targets adopted by the Emergency Board on January 19, 2017. The Corporate Income Tax missed its mark by -$1.65 million as did the Estate Tax by -$1.07 million. The Sales Tax was also down, while Rooms & Meals stayed just ahead of targets.
Vermont Business Magazine The Champlain Housing Trust (CHT) Bright Street Housing Cooperative, a new, 40-unit resident-controlled housing development in the Old North End, has been selected for the 2017 Audrey Nelson Community Development Achievement Award from the National Community Development Association (NCDA). The City of Burlington, which sponsored the award, joined six other communities selected to receive the award on behalf of the co-op.
Vermont Business Magazine Douglas Fisher, Chairman of the Vermont Federal Credit Union Board of Directors, announced today that Jean Giard has been named President and Chief Executive Officer (CEO) of Vermont Federal Credit Union. Giard joined Vermont Federal Credit Union as Chief Financial Officer (CFO) in April of 2006 and has been an integral part of the senior management team for over ten years. During that time, she helped the Credit Union grow from a $160 million financial institution to its current $477 million in assets.
Vermont Business Magazine After 32 years of faithful service, Jerry Cross, President and CEO of One Credit Union has announced his intent to retire at the end of February. When Jerry joined Bryant Credit Union in 1985, it was a fledgling outfit with just $1.8 million in assets, 1,400 members, and only the most basic checking, savings and loan products. Over the years, Jerry led the expansion to a full service suite of savings and lending solutions, including mortgages, business lending, along with the latest in e-channel technology.
Vermont Business Magazine Governor Phil Scott, in collaboration with Attorney General TJ Donovan, today introduced legislation that helps safeguard the constitutional rights of Vermonters, ensures the State of Vermont takes a unified position when dealing with the federal government, and supports law enforcement in its continued compliance with federal law.
Vermont Business Magazine More than 50 Vermont attorneys have signed a letter urging the Legislature to “reform our state’s outdated and unjust policies towards cannabis by passing a bill to legalize and regulate its cultivation and sale for adult use in 2017.” The letter was presented to lawmakers at the House Judiciary Committee hearing on H170 Thursday morning. H170 is a bipartisan proposal to eliminate penalties for possession and cultivation of personal amounts of marijuana by adults 21 and older.
Vermont Business Magazine Yesterday, Attorney General Donovan and 16 other Attorneys General filed an amicus brief in support of the Commonwealth of Virginia’s lawsuit against the Trump Administration’s executive order on immigration. This follows an amicus brief filed earlier this week with the US Court of Appeals for the 9th Circuit, supporting the Washington State lawsuit against the executive order.
Vermont Business Magazine The USDA-Natural Resources Conservation Service (NRCS) in Vermont is encouraging producers to submit applications for financial and technical assistance through the Environmental Quality Incentives Program (EQIP). While EQIP is offered through a continuous signup, NRCS makes periodic funding selections. The last application cut-off date for farmstead practices to be funded in 2017 is February 17.
Vermont Business Magazine The Public Service Board will hold three public hearings to give citizens an opportunity to provide feedback about the proposed merger between FairPoint Communications and Consolidated Communications. The first hearing is set for February 15th at 6:30 in Montpelier at Union Elementary School. Two additional hearings will take place; the second hearing is scheduled for February 21st at 6:30 at the St. Johnsbury Academy in St. Johnsbury and the third will be March 2nd at 6:30 at the Bennington Fire Facility in Bennington.
Vermont Business Magazine Farmers, producers, and localvores from across Vermont converged on Wednesday, February 1 for the 6th annual Consumer Night at the Vermont Farm Show in Essex Junction. Held on the second night of the Farm Show, Consumer Night celebrates the diversity of Vermont agriculture with the Winter Buy Local Market and Capital Cook-Off.
Vermont Business Magazine Renewable NRG Systems (RNRG) has added two fixed solar arrays to its LEED Gold-certified headquarters in Hinesburg, allowing the company to meet all of its electricity needs with on-site, renewable energy. The upgrade coincides with the 35th anniversary of RNRG, which has been designing and manufacturing purpose-built products for the wind and solar sectors since the renewables industry was in its infancy.