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Vermont Governor Peter Shumlin (photo: Wikipedia)
No tax increase in Vermont budget
Montpelier, VT, Jan 13, 2012 — Vermont Governor Peter Shumlin addressed the state legislature Thursday with his proposed budget for the coming fiscal year. With federal funds factored in, the budget totals around $6.7 billion.
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The governor began the address by outlining plans to continue rebuilding after Tropical Storm Irene. That included a $45 million transportation project focused on paving and bridge improvement.
Shumlin also proposed an $8 million innovation investment to UVM and the state colleges. He hopes to increase education funding for the second year in a row.
The budget did not include increases in income tax or sales tax. The governor said the budget "match[es]our spending with Vermonters' ability to pay."
