Current News

Vermont Business Magazine VHCB AmeriCorps Members gathered for a full day of service projects on the annual Martin Luther King Jr. holiday to honor the life and legacy of Dr. King. Members supported the Upper Valley Haven on projects for their afterschool program, food shelf, and adult shelter. In addition to the service projects, members participated in a conversation with the Haven’s Volunteer Services Coordinator, Matt Pickell, about non-profit community collaborations and barriers to providing services to the community. VHCB AmeriCorps members typically serve as the only member at their host sites, local nonprofits focused on housing and conservation around Vermont. The MLK Day of service is a chance for the members to reunite in service, deepening their connections with each other and joining together for a common goal.

Vermont Business Magazine Sen. Bernie Sanders (I-Vt.) this evening will force a vote on the Senate floor on a resolution under Section 502B(c) of the Foreign Assistance Act. An overlooked tool of Congressional oversight, Section 502B(c) allows Congress to direct the State Department to provide a human rights report and other information on any country receiving U.S. security assistance. Sanders’ resolution would require a report examining any human rights violations that may have occurred in the course of the military campaign being carried out by Prime Minister Benjamin Netanyahu’s government.

Vermont Business Magazine This month ski areas across Vermont are participating in National Safety Awareness Month, promoted by the National Ski Areas Association (NSAA).  While Vermont’s ski areas remain focused on the safety of guests and employees every day, the goal of the annual month-long initiative is to remind skiers and snowboarders of the important role they play in mountain safety. The dynamic nature of snow sports is what makes them fun and exciting—but also means that inherent risks cannot be eliminated. Skiers and riders should always be aware of changing weather and conditions and what’s happening around them, ski and snowboard within their ability and remain in control. All participants should know and follow Your Responsibility Code, wear a well-fitting snow sports helmet, learn how to ride lifts and avoid collisions.

Vermont Business Magazine The Department of Disabilities, Aging, and Independent Living (DAIL) is pleased to award Champlain Housing Trust (CHT) one of three Act 186 pilot planning grants to develop new and innovative housing options for individuals with developmental disabilities. Act 186 of 2022 appropriated $500,000 for housing and residential service pilot planning grants. DAIL has awarded Champlain Housing Trust a grant of up to 173,500 for this work. CHT has been successfully creating housing in Chittenden County for 40 years, has greatly benefited local communities, and has impacted the lives of many individuals. CHT has joined forces with Howard Center and Champlain Community Services to create a valuable partnership that collaborates with parents on the Developmental Disabilities Housing Initiative (DDHI).  

Vermont Business Magazine The Senate Health, Education, Labor, and Pensions (HELP) Committee, chaired by Sen. Bernie Sanders (I-Vt.), will hold a hearing Thursday, January 18 at 10:00 a.m. ET titled, “Addressing Long COVID: Advancing Research and Improving Patient Care." Today, millions of Americans live with long COVID and its many symptoms. These include fatigue, cognitive impairment (commonly referred to as  brain fog), muscle or joint pain, shortness of breath, heart palpitations, sleep difficulties, mood changes, and more. With millions of Americans suffering each and every day, more must be done to address this crisis.

Vermont Business Magazine Senator Peter Welch (D-Vt.), Senator Mike Braun (R-Ind.), and Senator Amy Klobuchar (D-Minn.) last week introduced bipartisan, bicameral legislation to streamline drug patent litigation, encourage fair market competition, and lower prescription drug prices by making it easier for generic and biosimilar companies to enter the market. Rep. Jodey Arrington (TX-19) introduced companion legislation in the House. 

Vermont Business Magazine Vermont’s five Area Agencies on Aging (AAAs) announce their new affiliation, called the Vermont Aging Network Consortium (VANC). Boards of directors from each of the AAAs have approved the affiliation. This new consortium will positively impact the overall cost of health care by leveraging economies of scale, combining resources, and reducing duplication within the community-provider network of home- and community-based services. A focus on establishing future contracts with payers and healthcare systems is expected to further enhance financial sustainability for aging services as they evolve.

by Timothy McQuiston, Vermont Business Magazine COVID-19 cases and hospitalizations continue to rise, as they have since late summer. Hospitalizations are now higher than they've been at any time since November 2022. However, fatalities have not seen a related spike. There were 6 deaths reported by the Vermont Department of Health last week and 5 the week before, for a pandemic total now of 1,094 as of January 6, 2024. The VDH reported January 10, 2024, that COVID-19 hospitalizations were up 3 last week to a statewide total of 59. COVID-19 activity remains in the "Low" range, according to the VDH. Reported cases last week were 455, up 38 for the week. VDH reported 15 COVID-related deaths in December 2023 and 5 so far in January 2024

by State Representative Brian Cina Monday marked the birth of the Reverend Dr. Martin Luther King, Jr., famed civil rights activist and the conscience of our nation during a pivotal era in the struggle for human rights in United States history. Dr. King stated that “of all the forms of inequality, injustice in health is the most shocking and the most inhuman because it often results in physical death.” Affordability remains one of the greatest barriers for access to health care. An estimated 44% of Vermonters under the age of 65 are underinsured and cannot afford the cost-sharing required to access health insurance benefits for which they pay massive premiums, which increased 7.5% to 14.4% from 2023 to 2024, depending on the private insurance plan. 

by Vermont Treasurer Mike Pieciak and Connecticut Treasurer Erick Russell Government exists to solve problems, and as State Treasurers, our offices are committed to supporting economic well-being for all. Despite the opportunities in our states, we know our economies do not work for everyone. According to 2019 American Community Survey data from the U.S. Census Bureau, the top 20% of Vermont households had an average income of $200,816, while the bottom 20% averaged $15,054. These disparities are even more stark in Connecticut, one of the wealthiest states in the nation that also features one of the most significant wealth gaps. Currently in the United States, the top 10% of households hold about 69% of the nation’s wealth, while the bottom 50% own only about 2.5%.  

Vermont Business Magazine State Auditor Doug Hoffer released a new audit report today of Burlington’s Downtown Tax Increment Financing (TIF) district. TIF districts allow municipalities to designate an area for public infrastructure improvements, incur debt to pay for the work, and use a portion of the area’s property tax revenue growth, which would normally go to the Education Fund and the municipality, to pay back the debt. Since 2017, Burlington has spent nearly $8 million of bond proceeds on improvement projects and more than $4 million of tax increment for debt payments and related costs. Burlington Mayor Miro Weinberger recognized that the audit provided helpful feedback which has led to improvements, but he rejected the conclusion of the city's "missteps" in how the city financed the bond payments and that the city exceeded its regulatory funding cap.

Vermont Business Magazine Today, Mayor Miro Weinberger responded to the report of State Auditor Doug Hoffer on the recent audit of the City of Burlington’s Downtown Tax Increment Financing District (Downtown TIF). While acknowledging that improvements to city's original TIF plan were needed, and accomplished, the mayor rejected the assertion by Hoffer that the city exceeded the approved funding cap, among other disagreements with the auditor's conclusions. Weinberger said that following a final review of the Auditor’s recommendations, the City will take action to correct some ledger errors uncovered in the audit which will have no impact on the City’s operations, nor will they trigger a need to increase tax rates. Weinberger added: "However, the City entirely rejects the Auditor’s headline finding that the City committed a “misstep” by securing $4.6 million of bond premiums and disagrees with the Auditor’s assertion that the City exceeded a regulatory cap."