State Public Education Expenditure Report for the Vermont Business Roundtable
Analysis of public education cost issues for the Vermont Business Roundtable and the Vermont Legislature.
Vermont
Presentation to the Vermont Legislative Next Generation Commission
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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 emptied auto showrooms.
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 major State funds are recommended relative to prior July 2011 projections.
FY12 revenues to date have performed very close to projections, with total revenues across all three funds closing the second quarter of the fiscal year within 0.5% of targets. Mounting Corporate refunds, higher gas prices, a tepid start to the winter tourism season and slower projected macroeconomic growth, however, will result in $1.8 million less in FY12 and $9.3 million less in FY13 General Fund revenues, and reductions of $0.3 million in FY12 and $0.8 million in FY13 in both the Transportation and Education Funds, relative to prior July 2011 forecasts.
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.
Economic Analysis for Public Service Department Permitting for Sheffield Wind Farm for UPC Wind
Analysis, research, testimony and Public Service Board Section 248 permitting documents associated with alternative energy wind farm development in Sheffield, 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 major State funds are recommended relative to prior July 2011 projections.
FY12 revenues to date have performed very close to projections, with total revenues across all three funds closing the second quarter of the fiscal year within 0.5% of targets. Mounting Corporate refunds, higher gas prices, a tepid start to the winter tourism season and slower projected macroeconomic growth, however, will result in $1.8 million less in FY12 and $9.3 million less in FY13 General Fund revenues, and reductions of $0.3 million in FY12 and $0.8 million in FY13 in both the Transportation and Education Funds, relative to prior July 2011 forecasts.