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financial http://addisonindependent.com/taxonomy/term/128/all en College's endowment rebounds http://addisonindependent.com/201112colleges-endowment-rebounds <p> MIDDLEBURY &mdash; After a turbulent couple of years, it looks like Middlebury College is out of the woods financially.</p> <p class="Bodycopy"> That&rsquo;s according to Patrick Norton, vice president and treasurer at the college. Norton said that although the school&rsquo;s endowment has rebounded to $825 million from its low point in March 2009, the financial crisis has changed the way the institution handles its money.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/10230">full story</a></h4> <p><a href="http://addisonindependent.com/201112colleges-endowment-rebounds" target="_blank">read more</a></p> Middlebury endowment financial Middlebury College Thu, 15 Dec 2011 18:00:05 +0000 Andrea Suozzo 10230 at http://addisonindependent.com Middlebury tax rate to decrease http://addisonindependent.com/201107middlebury-tax-rate-decrease <p> MIDDLBEURY &mdash; The Middlebury selectboard recently set a 2011-2012 residential property tax rate of $2.5223 per $100 in property value, representing a 4-cent decrease compared to the tax year that ended June 30.</p> <p class="Bodycopy"> Officials attributed the decrease in large part to schools holding the line on expenses.</p> <h4 class="meta2"> <a href="/?q=node/8539">full story</a></h4> <p><a href="http://addisonindependent.com/201107middlebury-tax-rate-decrease" target="_blank">read more</a></p> Middlebury financial taxes Thu, 14 Jul 2011 16:00:28 +0000 John Flowers 8539 at http://addisonindependent.com College sees stable financial footing http://addisonindependent.com/201002college-sees-stable-financial-footing <p>MIDDLEBURY — More than a year after the stock market fall shot a huge hole in Middlebury College’s endowment and sent the institution scurrying to right its financial ship, college President Ron Liebowitz this week will present balanced budget proposals through 2015 to the college’s board of trustees.</p> <h4 class="meta2"> <a href="/?q=node/3916">full story</a></h4> <p><a href="http://addisonindependent.com/201002college-sees-stable-financial-footing" target="_blank">read more</a></p> Middlebury financial Middlebury College Thu, 18 Feb 2010 18:49:46 +0000 Andrea Suozzo 3916 at http://addisonindependent.com Ferrisburgh officials propose 3-percent hike in municipal budget http://addisonindependent.com/201002ferrisburgh-officials-propose-3-percent-hike-municipal-budget <p>FERRISBURGH — Ferrisburgh selectmen have proposed a 2010-2011 budget that, including charitable donations to be decided by residents on Town Meeting Day, would add about a half-cent to the town’s property tax rate. That increase would translate to $5 per $100,000 of assessed value.</p> <p>Including about $57,700 of charitable requests, selectmen are proposing increasing town spending from about $1.52 million to $1.565 million.</p> <p>That increase of about $45,500 translates to roughly 3 percent.</p> <h4 class="meta2"> <a href="/?q=node/3819">full story</a></h4> <p><a href="http://addisonindependent.com/201002ferrisburgh-officials-propose-3-percent-hike-municipal-budget" target="_blank">read more</a></p> Ferrisburgh financial town meeting day Mon, 08 Feb 2010 19:30:04 +0000 Andrea Suozzo 3819 at http://addisonindependent.com ID-4 directors propose budget increase of 1/52% http://addisonindependent.com/201002id-4-directors-propose-budget-increase-152 <p>MIDDLEBURY — Middlebury voters on April 14 will consider a proposed Mary Hogan Elementary School budget of $5,771,990, representing a 1.52-percent increase in spending compared to this year.</p> <p>The budget reflects no new programs, nor additional teaching staff. It actually represents a decrease of $87 in spending per pupil (from $13,539 to $13,452). That’s in large part because the school anticipates welcoming eight additional students next year, for a potential total of 395, according to Mary Hogan Elementary School Associate Principal Tom Buzzell.</p> <h4 class="meta2"> <a href="/?q=node/3762">full story</a></h4> <p><a href="http://addisonindependent.com/201002id-4-directors-propose-budget-increase-152" target="_blank">read more</a></p> Middlebury education financial Mon, 01 Feb 2010 18:00:04 +0000 Andrea Suozzo 3762 at http://addisonindependent.com Middlebury seeks to weatherize town gym http://addisonindependent.com/201002middlebury-seeks-weatherize-town-gym <p>MIDDLEBURY — It’s been no secret that the Middlebury municipal gym has been leaking thousands of dollars in heat each year. Selectmen on Tuesday ordered an energy audit to determine exactly where the heat is escaping and how the building could be tightened up to keep energy in and the cold out.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3760">full story</a></h4> <p><a href="http://addisonindependent.com/201002middlebury-seeks-weatherize-town-gym" target="_blank">read more</a></p> Middlebury financial Mon, 01 Feb 2010 18:00:02 +0000 Andrea Suozzo 3760 at http://addisonindependent.com Changes to Mount Abe food service eyed http://addisonindependent.com/201002changes-mount-abe-food-service-eyed <p>BRISTOL — Mount Abraham Union High School board members are eyeing possible changes to the school’s food service program as a way to save more than $100,000.</p> <p>The board discussed the changes briefly at a Jan. 19 meeting that drew current food service employees who urged board members to consider more than fiscal savings as they contemplate the future of the program at Mount Abe.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3759">full story</a></h4> <p><a href="http://addisonindependent.com/201002changes-mount-abe-food-service-eyed" target="_blank">read more</a></p> Bristol education financial Mon, 01 Feb 2010 18:00:01 +0000 Andrea Suozzo 3759 at http://addisonindependent.com ANeSU schools dodge deep budget cuts http://addisonindependent.com/201001anesu-schools-dodge-deep-budget-cuts <p>BRISTOL — Elementary schools in the Addison Northeast Supervisory Union are escaping some of the severe budget cuts wracking other schools in the county, but residents are still projected to see tax rate increases ranging from 3 to 13 cents in the five ANeSU towns if the schools’ budgets are OK’d by voters at Town Meeting Day in March. </p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3734">full story</a></h4> <p><a href="http://addisonindependent.com/201001anesu-schools-dodge-deep-budget-cuts" target="_blank">read more</a></p> Bristol education financial Thu, 28 Jan 2010 20:30:08 +0000 Andrea Suozzo 3734 at http://addisonindependent.com Leicester to vote on lower school budget http://addisonindependent.com/201001leicester-vote-lower-school-budget <p>LEICESTER — The Leicester Central School board has voted to adopt a proposed 2010-2011 spending plan of $1,400,086, which represents a decrease of $8,573, or 0.82 percent, in total spending from the current year.</p> <p>The board met on Jan. 13 to finalize the budget, which will go to a vote on Town Meeting Day in March.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3730">full story</a></h4> <p><a href="http://addisonindependent.com/201001leicester-vote-lower-school-budget" target="_blank">read more</a></p> Leicester education financial Thu, 28 Jan 2010 20:30:06 +0000 Andrea Suozzo 3730 at http://addisonindependent.com Brandon to consider $2 million budget http://addisonindependent.com/201001brandon-consider-2-million-budget <p>BRANDON — The Brandon selectboard on Monday approved a proposed $2,018,360 municipal spending plan for 2010-2011 that includes money for a part-time recreation coordinator and a significant increase in economic development funding.</p> <p>Those funds are available because there are no raises in the proposed budget for town management, including the town manager, the superintendent of public works, and the police chief. One full-time public works employee has also been cut, leaving three full-time workers and the superintendent.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3724">full story</a></h4> <p><a href="http://addisonindependent.com/201001brandon-consider-2-million-budget" target="_blank">read more</a></p> Brandon financial politics Thu, 28 Jan 2010 20:30:02 +0000 Andrea Suozzo 3724 at http://addisonindependent.com Hospital braces for state budget cuts http://addisonindependent.com/201001hospital-braces-state-budget-cuts <p>MIDDLEBURY — Gov. James Douglas’s proposed state budget cuts have hospital administrators at Porter Medical Center keeping a close eye on what potentially severe cutbacks in health and human services funding could mean for Vermont hospitals.</p> <p>With Medicaid funding and hospital reimbursements on the chopping block, Porter President James Daily said Vermont hospitals will have to figure out how to make do with less in a time when the state’s $150 million deficit “defines the time for us to pull together and get through this.” </p> <h4 class="meta2"> <a href="/?q=node/3689">full story</a></h4> <p><a href="http://addisonindependent.com/201001hospital-braces-state-budget-cuts" target="_blank">read more</a></p> Middlebury financial health Mon, 25 Jan 2010 18:00:07 +0000 Andrea Suozzo 3689 at http://addisonindependent.com Addison School to cut music, librarian http://addisonindependent.com/201001addison-school-cut-music-librarian <p>ADDISON — The Addison Central School board on Thursday eliminated the jobs of the school’s music teacher and librarian, among other cuts, to cut spending and avoid paying a higher per-pupil tax penalty in the 2010-2011 school year. </p> <p>The result is a total proposed decrease in spending of $84,700, or about 6 percent, to roughly $1.8 million. Addison voters will decide the fate of that proposed ACS budget on Town Meeting Day. </p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3684">full story</a></h4> <p><a href="http://addisonindependent.com/201001addison-school-cut-music-librarian" target="_blank">read more</a></p> Addison education financial Mon, 25 Jan 2010 18:00:03 +0000 Andrea Suozzo 3684 at http://addisonindependent.com Whiting school budget rises, but taxes set to decrease http://addisonindependent.com/201001whiting-school-budget-rises-taxes-set-decrease <p>WHITING — The Whiting Elementary School board has adopted the proposed $508,318 spending plan for the 2010-2011 school year, which represents an increase of $17,632, or 3.59 percent, over the current year’s spending plan.</p> <p>But due to an increase in the number of students in the school, if voters approve the budget on Town Meeting Day their education property tax rate would fall by 7 cents, from $1.20 to $1.13, according to Brenda Fleming, business manager at Rutland Northeast Supervisory Union. </p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3681">full story</a></h4> <p><a href="http://addisonindependent.com/201001whiting-school-budget-rises-taxes-set-decrease" target="_blank">read more</a></p> Whiting education financial Mon, 25 Jan 2010 18:00:00 +0000 Andrea Suozzo 3681 at http://addisonindependent.com ACSU schools tighten spending http://addisonindependent.com/201001acsu-schools-tighten-spending <p>MIDDLEBURY — The Addison Central Supervisory Union’s seven elementary school boards have all been preparing 2010-2011 spending plans reflecting less than a 2 percent bump in spending, but education property taxes are still pegged to escalate at a much higher rate — including by more than 19 percent in Weybridge.</p> <h4 class="meta2"> <a href="/?q=node/3664">full story</a></h4> <p><a href="http://addisonindependent.com/201001acsu-schools-tighten-spending" target="_blank">read more</a></p> Middlebury education financial Thu, 21 Jan 2010 18:00:09 +0000 Andrea Suozzo 3664 at http://addisonindependent.com Some lawmakers wary of Douglas spending cuts http://addisonindependent.com/201001some-lawmakers-wary-douglas-spending-cuts <p>MONTPELIER, Vt. (AP) — Gov. Jim Douglas on Tuesday laid out an austere budget for the next fiscal year, saying the state must close a $150 million money gap by taking such steps as: more than quadrupling deductibles paid by some public healthcare beneficiaries, trimming payments to human services providers, and reducing subsidies to help middle-income Vermonters pay school property taxes.</p> <div class="premium-message"><p> The full text of this article is only available to online subscribers.</p> <p> Are you an online subscriber? <a href="/user">Click to login</a>. <a href="/onlinesubscribe"> </a></p> <p> <a href="/onlinesubscribe">Click here</a> to learn more about our online subscription options. If you have a print subscription, <a href="/onlinesubscribe">click</a> to add online access for only $10/year</p> </div><h4 class="meta2"> <a href="/?q=node/3661">full story</a></h4> <p><a href="http://addisonindependent.com/201001some-lawmakers-wary-douglas-spending-cuts" target="_blank">read more</a></p> Vermont financial politics Thu, 21 Jan 2010 18:00:06 +0000 Andrea Suozzo 3661 at http://addisonindependent.com