Politically Thinking: State faces a daunting fiscal future

Posted on May 12, 2011 |

• Opinion
• Politically Thinking

By Eric L. Davis

Researchers at the Federal Reserve Bank of Boston recently published data on state and local public finances in the six New England states. Vermont’s combined state and local government spending was $8,500 per capita in fiscal 2007, the most recent year for which comparable data is available for all the New England states. This was the highest per capita expenditure in the region. In the same year, Vermont’s median household income was the second lowest in New England, above only Maine, and 20 to 25 percent below that in New Hampshire, Connecticut and Massachusetts.

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