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Condos: Government shutdown impacts

Mon, 06/18/2018 - 4:40pm -- tim

by Jim Condos Secretary of State With barely two weeks remaining before the start of fiscal year 2019, and in good faith to the over 625,000 Vermonters I represent, I feel the need to speak up and bring to your attention some of the very real impacts a government shutdown, caused by the current budget impasse, would have on the government services my agency provides – critical services which Vermonters rely on and deserve.

McCoy: In the spirit of compromise

Mon, 06/18/2018 - 4:26pm -- tim

by Representative Patricia A McCoy (R-Poultney/Ira) Regardless of how the political debate over whether to raise property tax rates ends, the Education Fund is going to spend nearly $1.7 billion dollars next year on 76,000 students in pre-kindergarten through 12th grade. That is about $22,000 per student – the most in the nation and nearly twice the national average. Meanwhile, we have about 27,000 fewer students in our schools than we did 20 years ago and enrollment continues to decrease by about 1,000 students each year.

Attorney general warns of scam using GoFundMe

Mon, 06/18/2018 - 3:51pm -- tim

Vermont Business Magazine A new scam is targeting Vermont attorneys. The Attorney General’s Office warns that a fake “GoFundMe” campaign purports to raise money for a child with a rare disease using GoFundMe.com. According to the Vermont Bar Association, the phony campaign referenced its organization and requested that VBA members make contributions. GoFundMe.com is a popular online fundraising platform.

The VBA issued the following alert on its website:

$4 million to fight opioid epidemic announced for Vermont

Mon, 06/18/2018 - 3:07pm -- tim

Vermont Business Magazine Senator Patrick Leahy welcomed the Substance Abuse and Mental Health Services Administration’s (SAMHSA) Monday announcement that Vermont will receive an allocation of $4 million in fiscal year 2018 to fight the opioid epidemic across the state. The funding, a significant increase over past years, is part of a new State Opioid Response Grant program created as part of the Leahy-negotiated 2018 Consolidated Appropriations Act signed into law this spring.

NEFCU acquires 88 Technology Park in South Burlington

Mon, 06/18/2018 - 2:52pm -- tim

Vermont Business Magazine Tim Burke, of White + Burke Real Estate Investment Advisors Inc. in Burlington, is pleased to announce the acquisition of 88 Technology Park, a 54,000 SF, Class A office building in South Burlington, VT for New England Federal Credit Union. New England Federal Credit Union will use the facility for its Operations Center. They expect to occupy the facility in January 2019. Burke represented the buyer, New England Federal Credit Union in the sale transaction.

Vermont ski resorts report nearly 4 million visitors, slight increase for 2017-18

Mon, 06/18/2018 - 2:08pm -- tim

Vermont Business Magazine The Vermont ski industry fought through uneven weather throughout the 2017-2018 season to post a small increase in visitors. According to Ski Vermont, the state managed 3.97 million skier days, a 1.2 percent increase from the previous season. Ski Vermont revealed the results as members, supporters and friends of the Vermont ski and snowboard industry gathered last week at Stowe Mountain Resort for the Vermont Ski Areas Association’s 49th Annual Meeting. Alpine and Cross-Country members, associate members and marketing partners were among those who celebrated what turned out to be a successful season.

Leahy: Panel approves funding increase to protect Lake Champlain

Mon, 06/18/2018 - 12:17pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont) announced late last week that the Interior and Commerce, Justice, Science (CJS) Appropriations bills approved by the Senate Appropriations Committee include significant wins for Lake Champlain.  Leahy, Vice Chair of the Senate Appropriations Committee, has long fought for resources to protect Vermont’s ‘great Lake.’ The Interior and CJS bills approved by the Appropriations Committee include at least $12.5 million for Lake Champlain, and include funding for other competitive grant programs for which Lake Champlain protection work is eligible.  The Lake Champlain Program would receive $11 million for fiscal year 2019, a $2.6 million increase from the fiscal year 2018 Consolidated Appropriations Act.

PAI: Job growth is bumpy in number and lopsided in location

Mon, 06/18/2018 - 11:36am -- tim

Public Assets Institute On Vermont’s jobs front May was a down month in a year of ups and downs. The number of nonfarm payroll jobs fell by 500 last month, after increasing by 600 in April. Employers reported 314,600 nonfarm jobs in May—1,400 more than last May. Meanwhile, Vermont’s unemployment rate remained at 2.8 percent in May.

Burlington Police Chief expected to make full recovery from bicycle accident

Mon, 06/18/2018 - 11:27am -- tim

Vermont Business Magazine Burlington Police Chief Brandon del Pozo was transported to the University of Vermont Medical Center after sustaining injuries in a single-bicycle accident in Keene, NY, on Sautrday. Physicians treating him in the intensive care unit for a head injury and broken bones are optimistic about a full recovery. However, del Pozo may remain at the UVM Medical Center for a sustained period. Deputy Chief Jan Wright is serving as Acting Chief of the Burlington Police Department.

No one's backing down as gov shutdown approaches

Mon, 06/18/2018 - 9:15am -- tim

Leonine Public Affairs Governor Phil Scott vetoed H.13, the second version of the FY2019 budget bill last week. The move was not surprising and results in the legislature and governor being no closer to resolving their disagreements than they were a week ago. With July 1st and the beginning of the new state fiscal year only 13 days away, the state is inching closer than ever to a government shutdown. Most onlookers still find it hard to believe the impasse will actually result in a shutdown and that something will have to give in the next two weeks. That said neither side shows any indication of backing down. 

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