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Gov Scott reacts to emergency board upgrade of consensus revenue forecasts

Fri, 07/30/2021 - 1:52pm -- katie

Vermont Busines Magazine As the Scott Administration prepares the fiscal year 2022 budget adjustment and fiscal year 2023 state budget, it will do so with more revenues than were anticipated.

The Emergency Board, chaired by Governor Scott, met with the State’s executive and legislative economists today to adopt new revenue estimates for fiscal years 2022 and 2023.

These forecasts are projections of future revenue receipts into the State’s largest funds – the General Fund, the Transportation Fund and the Education Fund – and exclude ongoing and one-time federal funds.

Vermonters show support for the passage of a national Paid Family and Medical Leave Solution

Fri, 07/30/2021 - 1:29pm -- katie

Vermont Business Magazine Yesterday, workers, small business owners, advocates and legislative leaders came together for the premiere of “We Believe in Paid Leave”, a video campaign lifting up eight stories from throughout Vermont, highlighting the critical and urgent need for the passage of an equitable and robust national paid family and medical leave solution. They were joined by and heard remarks from House Speaker Jill Krowinski, Senate President Becca Balint, Lt. Governor Molly Gray, and Congressman Peter Welch. 

We know that 65% of Vermont’s workers don’t have access to paid family and medical leave and that the consequences are dire in the event of a personal or family medical emergency. We also know that no one chooses when they get sick or injured and that for most families, nine months is not enough time to save for an adequate parental leave. An equitable, inclusive, and comprehensive Paid Family and Medical Leave solution would ensure that all workers have the financial security to put their health and safety first. 

House approves Welch priorities and projects as part of ‘Minibus’ appropriations package

Fri, 07/30/2021 - 11:14am -- katie

Vermont Business Magazine Thursday the House passed nine out of 12 of the annual Appropriations bills to fund the government that included Rep. Peter Welch’s legislative priorities and funding for nine community projects. The appropriations bills include increased funding for affordable housing, public health infrastructure, education, and green energy projects, among other Welch priorities.

Sanders co-leads legislation to keep families together and create alternative to incarceration

Fri, 07/30/2021 - 10:02am -- katie

Vermont Business Magazine Sen. Bernie Sanders (I-Vt.) Tuesday joined Sen. Ron Wyden (D-Ore.), Rep. Pramila Jayapal (D-Wash.), and 14 additional Congressional colleagues in reintroducing legislation to create an alternative to incarceration for eligible parents and caregivers, while providing the resources they need so their children can stay safely at home instead of entering the foster care system.

AM Best to sponsor Vermont Captive Insurance Association’s annual conference

Fri, 07/30/2021 - 5:54am -- tim

Vermont Business Magazine AM Best will moderate a session focused on innovation and the state of the captive insurance market at the 2021 Vermont Captive Insurance Association’s (VCIA) Annual Conference. AM Best also will participate in other capacities, including as a platinum sponsor of the event. The VCIA conference takes place August 10-12, 2021. This is the largest Captive conference in the world and Vermont is the leading domicle for captive insurance firms in the United States.

LEAP announces August round of workshops

Fri, 07/30/2021 - 3:40am -- tim

LEAP Game Of Logging (8 LEAP Credits per Level). Levels 1 - 4 are mandatory for all Non-Mechanized LEAP loggers. If it’s been over 5 years since taking all four levels then taking a L5 (Refresher) is mandatory. Levels 1& 2 are being offered this year. If you would also like Levels 3 & 4 this year, let me know, otherwise you may take them next Spring. Levels begin August 6.

Franklin County Field Days returns to Highgate for its 45th season August 5-8

Fri, 07/30/2021 - 3:22am -- tim

Vermont Business Magazine This family-fun Vermont tradition features midway rides and games, live music, livestock events, horse shows, a demolition derby, truck and tractor pulls, ATV drag racing, 4-H exhibits, Homemakers Building demonstrations, poker tournaments, opening night fireworks, favorite fair food and more. The $15 pay-one-price admission includes unlimited midway rides, live entertainment, track events and parking.

Casella reports 14.4 percent increase in revenues in 2Q2021 report

Thu, 07/29/2021 - 4:51pm -- tim

Vermont Business Magazine Casella Waste Systems, Inc (NASDAQ: CWST), a regional solid waste, recycling and resource management services company based in Rutland, today reported its financial results for the three and six month periods ended June 30, 2021. Revenues were $215.9 million for the quarter, up $27.1 million, or up 14.4%, from the same period in 2020. Net income was $11.8 million for the quarter, down $(0.3) million, or down (2.7)%, from the same period in 2020.

Leahy floor address on bipartisan emergency Capitol security supplemental appropriations bill

Thu, 07/29/2021 - 3:28pm -- tim

Senator Patrick Leahy I rise on the Senate Floor today to urge that the Senate take up and pass H.R. 3237, the $2.1 billion Emergency Security Supplemental Appropriations Act of 2021, with an amendment at the desk. The amendment is the result of bipartisan compromise between myself and Vice Chairman Shelby, and I want to thank him for his hard work and his friendship. The bill subsequently passed the Senate unanimously and then was approved by the House. It now goes to President Biden, who is expected to sign it.

Springfield man arrested for promotion of child sex abuse materials

Thu, 07/29/2021 - 3:23pm -- tim

Vermont Business Magazine Attorney General TJ Donovan announced that Spenser Ingalls, 31, of Springfield, Vermont, was arraigned yesterday on one felony count of Promoting a Recording of Sexual Conduct and four felony counts of Possession of Child Sexual Abuse Material. The charges brought against Ingalls are the result of a criminal investigation—including the execution of residential and online data search warrants—conducted by the Vermont Internet Crimes Against Children Task Force (VT-ICAC), including personnel from the Attorney General’s Office, Homeland Security Investigations, the Vermont State Police, and the Springfield Police Department.

Teachers union wants surplus used to reduce pension liability

Thu, 07/29/2021 - 12:16pm -- tim

Vermont Business Magazine The state should dedicate its unprecedented budget surplus to reducing Vermont’s unfunded pension liability, according to the state’s largest union. In a memo to the Vermont Emergency Board, Vermont-NEA President Don Tinney made it clear that in a year with billions of federal pandemic aid flowing into Vermont, lawmakers and the governor should not miss the opportunity to use the state’s own surplus toward reducing its unfunded pension obligations.