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Vermont lawmakers consider tax and fee increases

Posted on March 11, 2013 |
By John Flowers



VERGENNES — When lawmakers return to Montpelier this week after their Town Meeting break, they will continue consideration of where to get revenues for state programs.

Lawmakers at the Legislative Breakfast in Vergennes last week discussed potential increases in existing fees and taxes, as well as Gov. Peter Shumlin’s proposed new 10-percent surcharge on break-open tickets sold by various civic groups, including the American Legion Halls.

INCREASED FEES AND TAXES?

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Gov. Shumlin defends break-­open ticket tax

Posted on February 14, 2013 |
By John Flowers



govatHOPE6398.jpg

BRISTOL — At a public luncheon at American Legion Post 19 in Bristol this week, Gov. Peter Shumlin defended his plan to fund a program to weatherize Vermont homes by taxing break-open tickets.

The Vermont Home Energy Challenge is an Efficiency Vermont-led effort to weatherize 80,000 homes by the year 2020. The program is particularly directed at porous homes from which expensive heat is escaping.

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Low-income workers helped by tax credit

Posted on February 14, 2013 |
By Addison Independent



VERMONT — The Earned Income Tax Credit (EITC) can make life a little easier for working Vermonters struggling to make ends meet with a credit up to $5,900. In addition, any family with dependent children who receives the Vermont EITC is automatically income eligible for food benefits through 3SquaresVT — meaning their income and resources don’t count. The IRS estimates one in five eligible taxpayers could miss out on this valuable tax credit because they don’t check it out. 

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Middlebury local option tax receipts exceeding expectations

Posted on December 13, 2012 |
By John Flowers



MIDDLEBURY — Middlebury’s 1-percent local option tax on rooms, meals, sales and alcohol continues to deliver more-than-adequate revenues to pay debt service on the Cross Street Bridge, according to the latest figures released by the Vermont Department of Taxes.

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Guest editorial: Let's be fair and set a minimum tax for the rich

Posted on December 13, 2012 |
By Warren Buffett



This week’s writer is Warren Buffett, chairman of the board of Berkshire Hathaway.

Suppose that an investor you admire and trust comes to you with an investment idea. “This is a good one,” he says enthusiastically. “I’m in it, and I think you should be, too.”

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Middlebury, Lodge settle property appraisal dispute

Posted on July 12, 2012 |
By John Flowers



MIDDLBURY — The Middlebury selectboard and the Lodge at Otter Creek have settled a property assessment dispute relating to the retirement community’s land and buildings off Lodge Road.

The selectboard on Tuesday unanimously agreed to accept a settlement offer from the Lodge that its property be assessed by the town at $17 million, according to Middlebury Assistant Town Manager Kathleen Ramsay.

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Local option tax receipts continue to grow

Posted on July 2, 2012 |
By John Flowers



MIDDLEBURY — Middlebury’s local option tax continues to exceed revenue expectations, leaving town officials confident the 1-percent levy on rooms, meals, sales and alcohol will generate more than adequate dollars to pay down the community’s share of the new Cross Street Bridge.

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Two-cent city tax hike first since 2008

Posted on June 28, 2012 |
By Andy Kirkaldy



VERGENNES — Vergennes aldermen on Tuesday approved the first increase in the municipal portion of the city tax rate since 2008, a 2-cent hike that will bring it to about 62.3 cents for the 2012-2013 fiscal year that begins on July 1.

Addison Northwest Supervisory Union officials and City Manager Mel Hawley expect the city’s residential school rate to drop by a little bit less than a penny, meaning the overall residential property rate in Vergennes should rise by a little more than a penny.

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Middlebury's tax rate inches upward

Posted on June 28, 2012 |
By John Flowers



MIDDLEBURY — The Middlebury selectboard on Tuesday voted unanimously to set the fiscal year 2013 municipal tax rate at 86.36 cents per $100 in property value for residential and non-residential taxpayers, an increase of around 2.6 cents compared to the current rate of 83.75 cents.

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Addison taxes seen dropping

Posted on February 9, 2012 |
By Andy Kirkaldy



 

ADDISON — As town budget crafting season has wrapped up, the Addison selectboard has proposed to spend more in the 2012-2013 fiscal year than its members had budgeted in the current fiscal year — but this year the town has managed to save almost $75,000 that the board is planning to use to lower the town’s tax rate next year.

Meanwhile, in Panton, the selectboard’s proposed budget is lower on its face value, but if residents back four proposed capital funds, net spending could rise slightly in the upcoming fiscal year.

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