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No tax increase in Vermont budget

Vermont Governor Peter Shumlin (photo: Wikipedia)
Vermont Governor Peter Shumlin (photo: Wikipedia)
(01/13/12) 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." 

 

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