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Executive Summary
Arthur Woolf
Timothy McQuiston
2
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2006-01-11T15:41:00Z
2006-01-16T21:11:00Z
2006-01-16T21:11:00Z
1
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Taxes, Public Policies, and Retailing: The
Impact
of Thirty-Five Years of Choices
Along
the Connecticut River
Art Woolf
January
5, 2006
Executive Summary
This
study analyzes the long term impacts of public policy choices made in Vermont
more than thirty years ago on the retail sector of the Vermont
and New Hampshire economies along
the Connecticut River.
It concludes that three policy initiatives enacted between 1969 and
1971the sales tax, bottle deposit law and Act 250 have led to a hollowing
out of Vermonts retail sector
along the Connecticut River. Although it is likely that the sales tax has
had the most important effect, the study cannot separate out the individual
effects of the three policies.
The
major findings of the study are:
·
In the years before Vermont
implemented these policies, per capita retail sales activity in Vermonts
border counties (Essex, Caledonia, Orange,
Windsor, and Windham) was equal to
that in the New Hampshire
counties bordering the Connecticut River.
Inflation
Adjusted Border County
Retail
Sales Per Capita
$0
$2,000