Review of Vermont Economic and Fiscal Issues for the Carsey Institute
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Economic Modeling
Official State Economic and Revenue Forecast, July 2006 for the State of Vermont
Vermont General Fund tax revenues in FY06 ended the year with surprising strength, due to a handful of revenue sources linked to high-income taxpayers: namely, personal income, corporate and estate taxes. Despite lackluster job growth, declining real wages and stagnant real household income, these three revenue categories realized huge gains in FY06 due to record corporate profits, soaring real estate-related wealth and associated capital gains. Transportation Fund revenue sources were not so fortunate, as spiraling gasoline prices dampened demand and… Read More »Official State Economic and Revenue Forecast, July 2006 for the State of Vermont
Input-Output Model for the Kingdom of Jordan – Executive Summary, Aquaba Economic Zone Development Impacts
A slower U.S economic recovery than forecast last July will temper revenue growth over the next two fiscal years. Multiple economic headwinds that developed in 2011 have yet to fully subside, as the European debt crisis continues to fester, oil prices again top $100 per barrel, and domestic political gridlock precludes federal fiscal and other policy measures that could accelerate the recovery. Although the Vermont economy continues to outperform the U.S. as a whole, minor revenue downgrades in all three… Read More »Input-Output Model for the Kingdom of Jordan – Executive Summary, Aquaba Economic Zone Development Impacts
Act 250 Analysis Associated with Proposed St. Albans Wal-Mart Development for the City of Albans
Analysis and testimony before the District 6 Environmental Board associated with the Permitting process for the proposed Wal-Mart development in St. Albans, Vermont.
Official State Economic and Revenue Forecast, January 2006 for the State of Vermont
A slower U.S economic recovery than forecast last July will temper revenue growth over the next two fiscal years. Multiple economic headwinds that developed in 2011 have yet to fully subside, as the European debt crisis continues to fester, oil prices again top $100 per barrel, and domestic political gridlock precludes federal fiscal and other policy measures that could accelerate the recovery. Although the Vermont economy continues to outperform the U.S. as a whole, minor revenue downgrades in all three… Read More »Official State Economic and Revenue Forecast, January 2006 for the State of Vermont