The personal income tax (+$10.73 million, 9.5%), which is the most important revenue source, and the corporate income tax (+$4.13, 90.8%) both continue to carry the General Fund. Compared to the January upwardly revised estimate, the state’s General Fund, Transportation Fund, and Education Fund receipts were a combined $12.1 million, or 4.8% above the consensus expectations.
Vermont’s tax revenue results for January 2021 show that General Fund revenues came in above target, while the Transportation and Education Fund revenues came in below target. Tax revenues still ahead of projections after revision, but less so Construction is anticipated to begin by July 2021 and continue for 12-18 months. The remaining 10 percent local match will be funded through the Airport’s passenger facility charges. The grant comes from the Federal Aviation Administration’s Supplemental Airport Improvement Program, and will cover 90 percent of the cost for engineering, design, and construction.
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In its credit report, Moody’s states that the Burlington International Airport (BTV) is “well-positioned to address challenges posed by the coronavirus pandemic,” and notes that BTV’s core financial metrics are sound, including its stable liquidity and debt service coverage, strengthened cost recovery framework, minimum of 200 days of cash on hand, relatively low debt burden, and manageable planned capital investment program.īTV gets $14.5M federal grant to expand terminal, upgrade securityīurlington International Airport (BTV) has received a $14.5 million federal grant to expand the Airport’s terminal building and consolidate the two existing security checkpoints into one, which will significantly improve the Airport’s efficiency and traveler experience. The rating action is particularly notable as airports around the country are grappling with the impacts of the coronavirus pandemic. Moody’s Investors Service has released a rating action that affirms Burlington International Airport’s “Baa2” credit rating with a stable outlook. Moody’s affirms Burlington International Airport’s 'Baa2' credit rating CityPlace then received approval from the DRB, but opponents of the plan are challenging the project before the Environmental Board, ostensibly on the grounds that there is not enough parking for both residents and the public in the new plans. The developer had agreed to pay the State Prevailing Wage, to which the union organization agreed. Mayor Weinberger called a Special Meeting of the City Council for February 23, at which the Council unanimously passed the measure. The City Council had voted to table its approval of these agreements. In response to this amendment, the Vermont Building and Construction Trades Council has announced its support for the proposed settlement agreement and the project. The governor also may loosen restrictions on multi-household gatherings in the near future as vaccine progress broadens.ĬityPlace developer commits to pay Vermont Prevailing Wage for construction workersīurlington Mayor Miro Weinberger and the Developer of CityPlace Burlington have negotiated an amendment to the proposed Amended and Restated (A&R) Development Agreement, which secures further benefits for the workers who will construct the $165 million project. People who are fully vaccinated will be able to travel to Vermont without having to quarantine so long as they are more than two weeks removed from receiving their second shot. Residents of long-term care communities who are fully vaccinated will be able to participate in expanded social activities like communal dining. Governor Phil Scott has loosened travel restrictions and restrictions on long-term care communities for people who have been fully vaccinated. A single president of the consolidated colleges would take over by January 2022. The board said it is committed to maintaining the current campus locations. Additionally, the system will streamline services across the institutions through significant administrative consolidation.
The proposal will unify the three residential colleges, Castleton University, Northern Vermont University, and Vermont Technical College, under a common accreditation in Academic Year 2023-2024 while maintaining the Community College of Vermont as a separate institution.
The Vermont State College System Board of Trustees have voted to move forward with the proposal outlined by the state’s Select Committee on the Future of Public Higher Education in Vermont.
Vermont State Colleges Trustees approve consolidation, campuses to stay open
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