Vermont Finishes Fiscal Year $26 Million Ahead of Expectations
Vermont finished the fiscal year more than $26 million ahead of expectations for general fund revenues. Governor Peter Shumlin calls this news welcome and encouraging.
Shumlin made the comment as his administration secretary, Jeb Spaulding, released a report on revenue. While revenues came in below expectation last month, the state ended the fiscal year ahead of what had been forecast.
Shumlin says that with the federal gridlock and fiscal problems, unpredictable weather, and global economic uncertainty, Vermont has plenty of challenges ahead.
But he says the end-of-the-year revenue results indicate that overall, Vermont is on the right path.