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Citizens M&A Outlook: Still a sellers’ market, but urgency recedes

Mon, 01/27/2020 - 12:21pm -- tim

Vermont Business Magazine Business leaders surveyed by Citizens Commercial Banking in Vermont and across the region are feeling less urgency to engage in mergers and acquisitions, but sellers with standout businesses can still expect a relatively strong year. Survey respondents see companies relying more on organic growth, fewer sellers in the queue and continued discipline among buyers in 2020. Expect lower deal volumes, more strategic carve-outs and bolt-ons, and stable-to-higher valuations, according to the survey of nearly 600 executives.

Working families could quality for a tax credit of up to $6,557

Mon, 01/27/2020 - 9:40am -- tim

Vermont Business Magazine This year, the Earned Income Tax Credit (EITC) can help working families in Vermont make ends meet with a credit up to $6,557. In addition, any family with dependent children who receives the Vermont EITC is automatically income eligible for food benefits through 3SquaresVT – meaning their income and resources don’t count. January 31st is EITC Awareness Day, a time to spread the word to the estimated one in five Vermonters who miss out on thousands of dollars in savings and added benefits because they are unaware of EITC or its link to 3SquaresVT.

Leonine: This minimum might be the max

Sun, 01/26/2020 - 8:13pm -- tim

Leonine Public Affairs The House approved legislation that would raise the state’s minimum wage to $12.55 by 2022. This legislation reflects a compromise between the House and Senate and stands in stark contrast to the original Senate proposal that would have raised the minimum wage to $15 per hour. While eight Democrats opposed the measure and have created uncertainty about the House’s ability to override a veto, there has been recent speculation that the governor will either sign the watered down version of this bill or let the bill become law without his signature.

Leahy: Impeachment, stonewalling Congress, and the Freedom of Information Act

Sun, 01/26/2020 - 6:04am -- tim

by Senator Patrick Leahy (D-Vermont) Last Tuesday night, just as Senate Republicans voted to blindfold the Senate from key witnesses and evidence during the Senate’s impeachment trial of President Trump, even more damaging bits and pieces of his illegal Ukraine aid freeze spilled into public view thanks to the Freedom of Information Act. These documents – heavily and inappropriately redacted by the Trump administration – shed light on just how much more information remains hidden about the alleged misconduct for which the President has been impeached.

Roper: With TCI imploding, a worse bill is on the horizon

Sun, 01/26/2020 - 3:04am -- tim

by Rob Roper Before the 2020 legislative session kicked off, proponents of the Transportation Climate Initiative (TCI) were calling the interstate agreement to raise prices of gasoline and diesel by as much as 17¢ a gallon their “banner” legislation for the new year. Now, just half way through January, the scheme is unravelling at a rapid pace. Here in Vermont during his State of the State speech last week Governor Scott said, without naming TCI specifically, that, “I simply cannot support proposals that will make things more expensive for [rural and low income Vermonters].” Scott has been vehemently opposed to any form of carbon tax since his first run for governor in 2016. 

Report: Tiny price gaps cost investors billions

Sat, 01/25/2020 - 12:10pm -- tim

Vermont Business Magazine Imagine standing in the grocery store, looking at a pile of bananas. On your side of the pile, the manager has posted yesterday's newspaper flyer, showing bananas at 62¢ per pound—so that's what you pay at the register. But on the other side of the pile, there's an up-to-the-minute screen showing that the price of bananas has now dropped to 48¢ per pound—so that's what the guy over there pays. Exact same bananas, but the price you see depends on which aisle you're standing in.

VT100+: Mamava ranks #1 over 5 years

Sat, 01/25/2020 - 4:04am -- katie

VTrans to close I-89 northbound travel lane between exits 18 and 19

Fri, 01/24/2020 - 4:26pm -- tim

Vermont Business Magazine After round-the-clock monitoring of an emergent situation on Interstate 89 in Georgia, the Vermont Agency of Transportation (VTrans) will close the northbound right lane between exits 18 and 19 today at approximately 6:00 p.m., after the evening rush-hour commute. A 600-foot-long concrete culvert that runs under I-89 at milemarker 106.69 is failing after damage that occurred during the Halloween 2019 rainstorm.

General and Education Funds above targets, Transpo below

Fri, 01/24/2020 - 4:02pm -- tim

Vermont Business Magazine Revenue collections continued to show strength in the personal income tax, rooms & meals tax and even the sales tax for the month of December 2019. Meanwhile, the corporate tax followed recent behavior with a wild swing, this time down, and the Transportation Fund-related revenues disappointed again. General Fund revenues collected for the month totaled $137.94 million, or $5.11 million above the monthly consensus revenue target. Year to date, General Fund revenues exceeded their target by $15.40 million, or 2.12%.