Current News

by tim

Related Company: National Life GroupNational Life Group announced on Monday that it would hold a job fair at its Vermont headquarters later in the week. Sean Woodroffe, chief people officer at National Life Group, said the company had openings for a variety of positions, from entry level to senior level. The jobs are in all departments, from the grounds crew or administrative assistants, to accounting or marketing.
“We’re a group of financial services companies that every day puts into action our corporate values to Do Good. Be Good. Make Good,” Woodroffe said. “Come learn about our company and all the jobs we have available.”
The job fair will be held at the company’s campus in Montpelier on Thursday, April 10, from 3 to 6 pm. More information, including a link to available jobs, is available on the company’s website.

by tim

The Vermont State Police were notified that Tim Foley, age 47 of Leicester, will be arraigned Monday at Rutland Criminal Court at 1 pm to answer to the charges of two counts of attempted aggravated murder and two counts of attempted murder. The male victim, identified as Mahlon McCoy age 64, continues to received medical treatment at Fletcher Allen Medical Center and is in good condition.
Troopers Duplissis, left, and Daley. Photos: VSP
The troopers that responded to the defendant's residence and were subsequently shot, are identified as Sergeant Eugene Duplissis and Trooper Matt Daley. Sergeant Duplissis, age 36, has been with the Vermont State Police since 2001 and Trooper Daley, age 34, has been with the Vermont State Police since 2005. Both are currently assigned to the New Haven Barracks; and were placed on paid administrative leave per policy.

by tim

by Hilary Niles vtdigger.org Vermont is looking to curb a new predatory loan practice that targets retirees. Online advertisements for “pension loans” or “pension advances” started cropping up on Vermont websites in the last year or so, says Jay Sushelsky, a senior attorney for AARP in Washington, DC.
Most pensioners are retirees, but military veterans also can fall prey to the scam. Ads offer lump-sum cash advances in exchange for monthly pension checks — often with usurious interest rates, hidden fees and other obligations that put retirees in a losing position.
It’s typically a loan “of last resort” that worsens a situation for people who are already vulnerable, Sushelsky told the House Committee on Commerce and Community Development Friday.
“If they were desperate to make a loan and these were the only asset they had … I think it’s clear within a very short time after, the person would be more desperate, not less,” Sushelsky said.

by tim

Related Company: Vermont Electric Power Companyby John Herrick vtdigger.org The state’s transmission utility told lawmakers to keep a close watch on the region’s costly electrical transmission build-out – a portion of which Vermont ratepayers are required to pay.
The Vermont Electric Power Company (VELCO) said Vermont has improved much of its electrical infrastructure designed to increase reliability, but other states have not.
“And what we are seeing is a continuing rise of the regional transmission costs that Vermont will be required to pay a portion of,” VELCO Vice President Kerrick Johnson, told the House Commerce and Economic Development Committee on Friday.

by tim

Strolling of the Heifers, a Vermont-based local food advocacy group, has released its third annual Locavore Index, a state-by-state ranking of commitment to local foods.

by tim

Secretary of Administration Jeb Spaulding released the March 2014 General Fund (GF) revenue results Friday. General Fund revenues totaled $92.56 million for March 2014, $5.21 million or 5.97 percent ahead of the monthly target. Year to date, General Fund receipts are now $926.19 million, $4.95 million or 0.54 percent ahead of the cumulative target. Year to date revenue is $39.12 million (4.41 percent) ahead of the same period for the prior fiscal year (FY 2013). March is the ninth month of fiscal year (FY) 2014.
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Secretary Spaulding commented, “March was a positive month overall for the General Fund, with strong collections in both the personal and corporate income tax sectors. Consumption tax receipts, including sales, rooms and meals and fuel taxes were a little off for the month, but that mainly reflects February activity and we may well see better than pro-jected performance in this month’s receipts, due to the snowy March.

by tim

New unemployment claims in Vermont fell again last week for the fourth consecutive week. Weekly claims had decreased for the first seven weeks of the year before a two-week increase and have fallen steadily since the end of February. For the week of March 29, 2014, there were 565 new, regular benefit claims for Unemployment Insurance in Vermont. This is a decrease of 53 from the previous week's total, and 121 fewer than they were a year ago.
Altogether 8,002 new and continuing claims were filed, a decrease of 219 from a week ago and 803 fewer than a year ago. The Department also processed 59 First Tier claims for benefits under Emergency Unemployment Compensation, 2008 (EUC08), 7 fewer than the previous week.

by tim

by Morgan True vtdigger.org
Vermont signed a revised contract with technology firm CGI this week, setting up a timeline for completing the state’s online health insurance marketplace over the summer.
The revised contract says the so-called “change of circumstance” function, which allows people to fix mistakes or update their application or coverage online, must be operable by May 21.
Small businesses, which are currently enrolled directly with the insurance carriers participating in the exchange, mustl be able to use the website by July 2, according to the new contract.
The revised contract includes an additional $2 million in penalties if CGI is unable to meet the new deadlines. In signing the new deal, CGI also waived its right to contest the $5 million in liquidated damage penalties the state has already assessed over problems with Vermont Health Connect.

by ayla

by Hilary Niles, vtdigger.org Vermont lawmakers are poised to “boldly go where no other state has gone before,” Sen. Joe Benning, R-Caledonia, said Thursday before casting his vote for an unprecedented food-labeling law.
The Senate Judiciary Committee gave H.112 unanimous approval Thursday. The bill would require the labeling of food made with genetically modified ingredients sold in Vermont.
Vermont will not wait for more states to adopt similar laws before it moves ahead with GMO labeling.

by ayla

by Morgan True, vtdigger.org Lawmakers in Vermont got a glimpse Thursday of Maryland’s unique system for compensating hospital systems.
Maryland has had a waiver from the federal Centers for Medicaid and Medicare (CMS) since 1977 that allows them to set reimbursement rates for those programs. In addition, state law allows a rate-setting commission to regulate private insurers in much the same way the Green Mountain Care Board does in Vermont.
Robert Murray, who spent nearly two decades working for Maryland as a hospital regulator and now consults for the Green Mountain Care Board, said Maryland has created what is known as an all-payer system, in which Medicare and Medicaid, private payers, insurance companies and self-insured employers, all compensate providers at roughly the same rate.
Photo courtesy of vtdigger.org

by ayla

by Anne Galloway, vtdigger.org The House gave initial approval to a property tax rate bill that will raise rates by 4 cents for residential property and 7.5 cents for nonresidential property.
Representatives also approved a six year phase out of the $7.7 million small schools grant as part of a package of changes to the state’s education financing law. Starting in 2019, the grant program would be reduced by one-third each year for three years.
More than 100 small schools in Vermont receive a grant from the state.

by tim

The Vermont State Police issued the following information regarding the death of a subject during a Brattleboro Police investigation early Friday. VSP received a call at approximately 5:43 am from the Brattleboro Police Department regarding a shooting incident at the American Best Inn on Putney Road in Brattleboro. Detectives with the Vermont State Police Bureau of Criminal Investigation and troopers from the Brattleboro Barracks responded immediately to begin an investigation at the request of Brattleboro Police.
Members of the Crime Scene Search Team responded to process the scene. The decedent will be transported to the Vermont Office of the Chief Medical Examiner in Burlington for a post mortem examination to determine cause and manner of death.