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House fails to override veto of S103, toxic materials bill

Wed, 04/25/2018 - 5:29pm -- Anonymous

Vermont Business Magazine The House effort to override Governor Phil Scott’s veto of S103, a bill that protects children and drinking water supplies from toxic chemicals, fell short today, as expected. The House voted 94-53 to override the veto. However, under the Vermont Constitution, two-thirds of House Members are needed to override a veto, or 100 members of the full House. The governor vetoed S103 Monday, March 16. The Senate quickly overrode Scott’s veto, March 19, in a 22-8 vote.

PAI: Raising property taxes won’t lower property taxes

Wed, 04/25/2018 - 4:46pm -- Anonymous

by Jack Hoffman Public Assets Institute The Legislature is again considering using the property tax as a deterrent against high spending in Vermont schools. Currently, school tax rates go up proportionally with per-pupil spending increases. The bill recently passed by the House would change the education funding system so that tax rates would rise faster than spending increases as a disincentive to higher spending.

Governor Scott to speak at Johnson State College commencement May 19

Wed, 04/25/2018 - 3:34pm -- Anonymous

Vermont Business Magazine Governor Phil Scott will speak May 19 at Johnson State College’s 151st commencement, at which about 310 associate’s, bachelor’s and master’s degrees are expected to be conferred. The 11 am ceremony will be on the college’s South Lawn. Tent seating for the ticketed ceremony will be reserved for graduating students, their guests, and those involved in the commencement. Other guests may watch the ceremony from the lawn, as it is simulcast at the Dibden Center for the Arts on campus, or online at jsc.edu. Gates will open at 9 am, and parking will be on a first-come, first-served basis.

Ledyard Financial reports record quarterly earnings in 1Q18

Wed, 04/25/2018 - 3:29pm -- Anonymous

Vermont Business Magazine Ledyard Financial Group, Inc (ticker symbol LFGP), the holding company for Ledyard National Bank, today reported record quarterly earnings for the first quarter of 2018. Net income for the quarter ended March 31, 2018, was $1,207,304 or $0.39 per share compared to $1,006,669 or $0.33 per share for the same period in 2017, an increase of $200,635.

Vermont student advances to Poetry Out Loud national finals tonight

Wed, 04/25/2018 - 3:12pm -- Anonymous

Vermont Business Magazine Nine student finalists representing high schools from Arizona, Hawaii, Kentucky, Massachusetts, Nebraska, North Dakota, Puerto Rico, South Carolina, and Vermont match their skills in reciting classic and contemporary poetry in a contest for the title of 2018 Poetry Out Loud National Champion and a $20,000 award.Poetry Out Loud is a national initiative of the National Endowment for the Arts in partnership with the Poetry Foundation and the state arts agencies.

CLF gives Vermont a D+ for Lake Champlain clean-up efforts

Wed, 04/25/2018 - 12:20pm -- Anonymous

Vermont Business Magazine Conservation Law Foundation released its Lake Champlain Report Card Tuesday, giving the State of Vermont a D+ for its ongoing clean-up efforts. The report card comes after the EPA gave Vermont a provisional pass for its work on the lake. According to the CLF, the near-failing grade is the result of a consistent pattern of missed deadlines, weak treatment standards and a lack of investment in clean-up programs. CLF is pushing legislation that would commit to long-term funding for clean water (Bill S.260).

Champlain College Online partners with athenahealth

Wed, 04/25/2018 - 10:21am -- Anonymous

Vermont Business Magazine Champlain College Online, one of the nation’s most innovative nonprofit colleges, today announced that athenahealth, a leading provider of network-enabled services for hospital and ambulatory clients nationwide, has joined Champlain’s truED Alliance Program. Based on this partnership, athenahealth’s team of more than 4,000 US-based staff members will have affordable access to over 60 degree and certificate programs offered by the regionally accredited online college, allowing them to advance their knowledge and skill sets, and ultimately fulfill the company’s mission of delivering better healthcare for all.

National Life opens on-site health center for employees

Tue, 04/24/2018 - 2:48pm -- Anonymous

Vermont Business Magazine National Life Group opened a new on-site health center on Tuesday, becoming one of the first companies in Vermont to open a full-service health care facility for its employees. “At National Life, we care about our employees and their well being, not only when they’re sick, but when they’re healthy and trying to stay that way,” said Mehran Assadi, Chairman, CEO and President of National Life.

Crow: Responsible solutions to irresponsible debt

Tue, 04/24/2018 - 12:52pm -- Anonymous

by Mark Crow, President, Tenth Crow Creative Relatively recently, I learned that the state of Vermont (so, we taxpayers) is incurring vast and ever increasing amounts of liability for obligations the state undertook to fund retirement plans for teachers and state workers; plans that include pension and retirement healthcare benefits. As of June 30, 2017, the state owes approximately $4.5 billion to these plans, which is an increase of $900 million from just the previous fiscal year. That’s approximately $18,750 per Vermont household (based on 240,000 households).

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