News

-A A +A

News

Scott signs Vermont’s largest-ever Transportation Bill into law

Fri, 06/10/2022 - 7:48am -- tim
H. 736 Dedicates More Than $868 Million to State Transportation Infrastructure and Programs

Vermont Business Magazine Governor Phil Scott on Thursday signed into law a record-setting Transportation bill (H.736, An act relating to the Transportation Program and miscellaneous changes to laws related to transportation) with the largest-ever state transportation budget, totaling more than $868 million.

Scott lets system of care for disabled bill H720 become law despite errors, admonishes lawmakers

Fri, 06/10/2022 - 7:42am -- tim

Vermont Business Magazine Governor Phil Scott announced Thursday that he has now acted on all bills passed by the General Assembly this session, including the massive transportation bill (H736) and budget (H740). However, he let H720, An act relating to the system of care for individuals with developmental disabilities, become law without his signature because of a "significant error" in what he views as an important bill. While he hopes and expects this to be corrected next January, he took lawmakers to task for many "egregious" errors in various pieces of legislation. He said the Legislature pushed through bills, many at the end of the session, in a rush to adjourn.

Vail reports Q3 2022 revenues and early season pass sales are up

Fri, 06/10/2022 - 3:21am -- tim

Vermont Business Magazine Vail Resorts, Inc (NYSE: MTN) today reported results for the third quarter of fiscal 2022 ended April 30, 2022. A big jump in revenues from the previous year was largely because of the impact of COVID-19 in 2020-2021. Vail also reported an increase in early season pass sales for the 2022/2023 North American ski season. Vail owns Mount Snow, Okemo and Stowe Mountain Resorts in Vermont. Net income was $372.6 million for the third fiscal quarter of 2022 compared to net income of $274.6 million in the same period in the prior year. The increase is primarily due to the greater impact of COVID-19 and related limitations and restrictions on results in the prior year.

CSX completes acquisition of Pan Am Railways

Fri, 06/10/2022 - 2:28am -- tim

Vermont Business Magazine CSX Corp (NASDAQ: CSX) on Thursday announced it has completed the acquisition of Pan Am Railways, Inc, expanding its reach into the rapidly growing Northeast region of the country. The rail lines include the Vermont Railway link in Bellows Falls and part of the Amtrak line along the Connecticut River in Vermont. The deal was finalized in April. Financial terms of the transaction were not disclosed. 

Hoffman: What’s the plan when pandemic aid ends?

Thu, 06/09/2022 - 4:14pm -- tim

by Jack Hoffman, Public Assets Institute In the past few years, Vermont has gotten a taste of what it would be like to have a state that worked for everyone who lives here. Thanks to extraordinary federal relief in the wake of the COVID-19 pandemic, the state received billions of dollars that allowed policy makers, at least for a time, to acknowledge and address gaps that had been lingering for decades: health care, childcare, livable incomes, and clean water to name a few. The state budget for fiscal 2023, which begins July 1, will top $8 billion for the first time. State spending for next year will be about 40 percent higher than fiscal 2019, the year before the pandemic. In normal times, we might expect the budget to grow about 12 or 13 percent over that period.

U.S. News & World Report ranks UVM Nursing among nation’s top graduate programs

Thu, 06/09/2022 - 2:58pm -- tim

Vermont Business Magazine U.S. News & World Report has ranked University of Vermont Nursing among the nation’s top 100 graduate nursing programs. UVM Nursing tied in the 2023 rankings for No. 76 in Best Nursing Schools: Master's and No. 91 in Best Nursing Schools: Doctor of Nursing Practice. The Best Graduate Schools rankings are based on expert opinion about program excellence and statistical indicators that measure the quality of a school's faculty, research, and students. 

Sanders opening statement at budget hearing on saving and expanding Social Security

Thu, 06/09/2022 - 2:51pm -- tim

Vermont Business Magazine Senator Bernie Sanders (I-Vermont), Chairman of the Senate Budget Committee, Thursday delivered an opening statement at the committee's hearing titled “Saving Social Security: Expanding Benefits and Demanding the Wealthy Pay Their Fair Share or Cutting Benefits and Increasing Retirement Anxiety.”

Sterling: Why is it easier to build a Dollar General than a solar panel in Vermont?

Thu, 06/09/2022 - 12:15pm -- tim

by Peter Sterling, Executive Director, Renewable Energy Vermont Why Is It Easier to Build a Dollar General than a Solar Project in Vermont? Over the last decade or so while most of us weren’t looking, something very concerning has happened in Vermont: it has become easier to build commercial strip development like a Dollar General store in a rural town than to build renewable energy. 

VDH: State testing sites to close June 25, get take-home tests now

Thu, 06/09/2022 - 10:40am -- tim

Vermont Department of Health The state Health Department testing sites will close June 25. Vermonters are encouraged to pick up free take-home tests from these sites to keep at home and use if needed. You can get up to four antigen test kits for each appointment, but only one LAMP (similar to PCR) per appointment. Take-home antigen tests meet many testing needs and will continue to be widely available at pharmacies around the state and at online retailers. If the tests are covered by your health insurance, you may be able to show your insurance card at the pharmacy counter and get test kits at no cost to you. Some health plans may require you to pay for the tests and then be reimbursed.

VDH: Approval for COVID vaccine for kids as young as 6 months to be reviewed next week

Thu, 06/09/2022 - 10:09am -- tim

Vermont Business Magazine On May 19, the CDC recommended a booster shot for 5- to 11- year olds who completed their primary vaccine series at least five months ago. You can get a booster shot through your child’s health care provider, pharmacy or one of the walk-in clinics listed at healthvermont.gov/MyVaccine. If you have questions, reach out to your provider. The COVID-19 vaccines for kids ages 6 months through 4 years are in the final stages of review. On June 15, 2022, the Food and Drug Administration’s independent expert committee is scheduled to review Pfizer-BioNTech and Moderna vaccine clinical trial data and make recommendations for authorization.  

Champlain College receives $1 million donation

Thu, 06/09/2022 - 9:48am -- tim

Vermont Business Magazine Champlain College, a private, non-profit institution and recognized leader in career-forward education, has received $1 million from an anonymous donor. The gift is a demonstration of confidence in the incoming tenth president, Alex Hernandez, and supports the college’s new strategic plan: R/Evolutionary 2030 Strategic Plan. Champlain College, known for its innovative, experiential, and interdisciplinary approach to higher education, prepares students to succeed in high-growth, high-demand careers. Hernandez started his term on Monday, June 6.

Pages