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UVM to cut $11 million, with layoffs, this week

Tue, 02/17/2009 - 11:52am -- intern

In response the projected $28 million UVM budget shortfall, President Fogel has announced that the university's general fund will be reduced by nearly $11 million in the first phase of a budget reconciliation. In phase two, additional cuts of $4 million might be made depending upon revenue projections. Employees that could be affected will be informed by Friday, February 20. Fogel asserts that he has been working with all members of the UVM community to mitigate negative effects of the budgetary actions.

Senate bill should help keep heavy trucks off local roads

Tue, 02/17/2009 - 11:17am -- tim

Today, the Senate passed a bill that encourages large commercial trucks to travel on Vermont’s interstate highways by reducing the penalty for overweight violations of the federal weight limit to one dollar.  In some cases, trucks that exceed the federal weight limit of 80,000 pounds on the interstate will avoid paying significant penalties by traveling on secondary roads.  With S93, An Act relating to Commercial Vehicle Operation on the Interstate System, those trucks are expected instead to stay on the interstates.  The bill received broad bipartisan support and was passed unanimously thr

GMP Seeks 25% Reduction in Renewable Energy Rate for Customers

Tue, 02/17/2009 - 11:09am -- tim

Green Mountain Power has filed a request with the Public Service Board to lower the premium its customers can choose to pay to support the development of renewable energy in Vermont. Currently, under the GreenerGMP program, customers can opt to pay four cents per kilowatt hour more than their normal rate to help GMP support renewable energy projects. The company is requesting the fee be lowered to three cents per kWh.

Auditor Updates Website to Report Suspected Government Fraud, Waste or Abuse

Tue, 02/17/2009 - 10:58am -- tim

The Office of Vermont State Auditor Tom Salmon, CPA, introduced an updated website today for citizens and state employees with ideas for savings or concerns about potential fraud, waste or abuse in government programs. These are not ordinary financial times, said Auditor Salmon in a statement. It has never been more urgent to remind everyone involved in government spending that the money comes from the people and should be spent wisely and efficiently, he noted.

State of Vermont $50 Million Bond Sale Announced

Tue, 02/17/2009 - 10:54am -- tim

On March 3, the State Treasurer s Office will offer approximately $50 million in general obligation bonds to raise needed funds for the construction and maintenance of a wide range of State building and transportation projects.
The opportunity to purchase the State of Vermont bonds will be offered first to Vermont residents and businesses. Any bonds remaining after Vermonters have had the opportunity to invest will then be made available to retail and institutional investors from outside of the state. Bonds may be purchased in $1,000 increments.

Search Opened for Vermont Chamber President

Tue, 02/17/2009 - 10:51am -- tim

The search is open for the new President of the Vermont Chamber of Commerce. A search committee, comprised of leading Vermont employers from diverse business sectors and sizes all around the state, has been convened by Vermont Chamber First Vice Chair Mark Saba.
Saba stated, Vermont s vibrant and diverse business community defines the Vermont Chamber s goals and priorities. The next President will take the reigns of the Green Mountain State s largest member-driven employer association.

House passes bill creating more economic opportunity for Vermont dairy farmers

Fri, 02/13/2009 - 9:00am -- tim

Speaker of the House Shap Smith along with Agriculture Committee Chair Carolyn Partridge announced the House passage of a bill yesterday that will create more economic opportunities for Vermont farmers. H.58, An Act Relating to Goats Milk Standards, will allow farmers more flexibility to produce goats milk for processing and consumption.

Town Meeting Day Holiday Announced

Fri, 02/13/2009 - 6:04am -- tim

Today Secretary of State Markowitz announced a new town meeting holiday to permit working Vermonters to take time off to attend their town meeting. Markowitz said, Town Meeting Day is one of the democratic high points of the year.  It is a time for neighbors to discuss the civic issues of their community, elect local officers and vote on budgets. The legislature created the town meeting holiday to ensure that every Vermonter has an opportunity to participate.  

Legislators Announce Plan to Merge Labor and Economic Development, Eliminate Commerce Agency

Thu, 02/12/2009 - 12:05pm -- tim

Senate President Pro Tem Peter Shumlin and Speaker Shap Smith today announced a large-scale restructuring plan for two state agencies to deliver higher quality services and reduce state spending.  Senator Shumlin and Speaker Smith called on the Senate and House committees to consider a consolidation of the Department of Labor and Department of Economic Development and the dissolution of the Agency of Commerce. Governor Douglas said he vehemently opposes the plan.