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General Fund tax revenues finish year more than $65 million over target

Wed, 07/18/2018 - 3:21pm -- tim

by Timothy McQuiston, Vermont Business Magazine Personal Income taxes finished the month of June ahead of projections again, pushing General Fund revenues for the month and the now-completed fiscal year well ahead of economists' targets. The latest results were expected given recent results, but are in contrast to the first half of the fiscal year.

Housing Vermont takes ownership of Depot Square building in St J

Wed, 07/18/2018 - 3:01pm -- tim

Vermont Business Magazine Housing Vermont took ownership of the Depot Square property today.  Housing Vermont will operate the property under new management as it makes plans for a substantial renovation and redevelopment of the building for affordable housing and commercial opportunities. The Depot Square apartment building, located in downtown St Johnsbury, is in need of substantial renovations. Financing, design and permitting of the redevelopment plans are expected to take 12 to 24 months to assemble.

Leahy applauds $2 million grant to address youth homelessness

Wed, 07/18/2018 - 1:45pm -- tim

Vermont Business Magazine Senator Patrick Leahy (D-Vermont) hailed the announcement this week that the Vermont State Housing Authority (VSHA) will receive from the US Department of Housing and Urban Development (HUD) a fiscal year 2017 grant of $2 million to address youth homelessness.  The funds, as part of HUD’s Youth Homelessness Demonstration Project, are being granted to VSHA on behalf of the Vermont Balance of State Continuum of Care, and in partnership with the Vermont Agency of Human Services and the Vermont Coalition of Runaway and Homeless Youth Programs.  The Bal

House approves Welch amendment to hike funding for Lake Champlain to $8.4 million

Wed, 07/18/2018 - 12:27pm -- tim

Vermont Business Magazine Late Tuesday night, the House of Representatives approved a bipartisan amendment, authored by Representative Peter Welch (D-Vermont) and Representative Elise Stefanik (R-NY) to appropriate $8.4 million in fiscal year 2019 for the Lake Champlain Basin Program (LCBP). The House Appropriations Committee had recommended a funding level of just $4.4 million.

Donovan wants public feedback on rule change affecting reproductive healthcare

Wed, 07/18/2018 - 12:14pm -- tim

Vermont Business Magazine Attorney General TJ Donovan today announced the launch of a website to allow Vermonters to provide feedback on a proposed rule affecting clinics that receive Title X funds. The US Department of Health and Human Services (HHS) is writing new rules for recipients of Title X funding. Title X is the only nationwide program for affordable birth control and reproductive health care. The proposed rules would implement a “gag rule” on abortion referrals and redirect funding priorities from the CDC’s birth control recommendations to “natural family planning methods.”

Lamoille Housing Partnership begins $2 million Hardwick rehab project

Wed, 07/18/2018 - 12:10pm -- tim

Vermont Business Magazine The Lamoille Housing Partnership (LHP) has commenced work on the Jeudevine Limited Housing Partnership, a $2 million rehabilitation project updating 18 units of affordable housing, plus one commercial space, in Hardwick. Work began this week at one of the three included properties, Highland Avenue. 

Magic Hat releases Local Rocker with James Kochalka

Wed, 07/18/2018 - 12:00pm -- tim

Vermont Business Magazine Magic Hat is partnering up with Vermont musician and cartoonist James Kochalka to announce a new addition to the Humdinger Collection of bold, limited-edition beers: a Farmhouse Saison with a hometown collaboration dubbed Local Rocker. This classically Belgian-style beer is floral and peppery with light citrus notes and a dry finish. Much like a true rocker, this beer is known for its expressive and forward character.

Stowe Mountain Lodge brings pro tennis back to Vermont

Wed, 07/18/2018 - 11:32am -- tim

Vermont Business Magazine Professional tennis returns to Vermont for its second year as the Stowe Mountain Lodge Classic hosts some of the top men's tennis players coming to Stowe to prepare for the US Open, which takes place the following week in New York. The second-year event builds on the success of the 2017 tournament, won by world #22 Albert Ramos, and has continued its partnership with luxury mountainside community, Spruce Peak and Stowe Mountain Lodge, to host the eight-player exhibition event this August 18–22.

Local produce at lower cost for SNAP recipients

Wed, 07/18/2018 - 4:06am -- tim

Vermont Business Magazine What is the best way to address hunger in the Upper Valley? Well, there might not be a single “best” way, but the fight against food insecurity is getting a big boost with the launch of the national healthy food incentive program Double Up Food Bucks at the Co-op Food Stores of Hanover, Lebanon and White River Junction. Double Up provides low-income Americans who receive Supplemental Nutrition Assistance Program (SNAP) benefits with a one-to-one match to purchase healthy, locally grown fruits and vegetables.

Lake Monsters to become the Maple Kings for August 4 game

Wed, 07/18/2018 - 1:25am -- tim

Vermont Business Magazine It is good to be king for a day...and that is exactly what the Vermont Lake Monsters will be on Saturday, August 4th. The New York Penn League team announced today that they will be temporarily adopting the name Vermont Maple Kings, with both logo and uniform, as the team pays homage to the Vermont maple sugaring industry. Now don't get all sappy, it is just for the game.