Vermont governor intends to call special session next week

Paola Ditto
Mag 17, 2018

A $5.8 billion 2019 fiscal year spending plan approved by the Democratic-controlled House of Representatives and State Senate over the weekend would increase total taxes by almost $50 million including $33.4 million in property taxes, according to the Republican governor.

Republican Gov. Phil Scott says he plans to call lawmakers back to the Statehouse next week to prevent what he says is an unnecessary property tax increase on Vermonters.

He has said he was left with no choice but to veto the budget and property tax bills after the measures passed by lawmakers over the weekend violated his promise to avoid any new taxes. I have been clear: This is an unacceptable approach, particularly in a year in which we have had an additional $82 million dollars in organic revenue growth, $34 million in unanticipated funds from the Attorney General's tobacco settlement and $44 million in revenue surpluses to build a budget.

"Yet, despite this strong revenue position, the Legislature voted to increase Vermonters' taxes by almost $50 million, including $33.4 million in property taxes". He says he believes the Legislature is close to an agreement and hopes to wrap up the session by Friday.

Vermont has the highest credit rating of all New England states at triple-A by both Moody's Investor Service and Fitch Ratings.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE