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Vermont Senate passes bill for flood recovery and property taxes

The state senate today announced they have passed bill S.160, which authorizes the tax commissioner to reimburse municipalities who had their property taxes lessened due to the disruption of when taxes would have been collected during last summers floods (specifically federally declared disaster areas). ....

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State Senate passes S.160, related to flood recovery and property taxes

State Senate passes S.160, related to flood recovery and property taxes
vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.

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Governor Phil Scott signs VPPSA Rate Flexibility Bill | Vermont Business Magazine


Fri, 04/30/2021 - 9:29am katie
Vermont Business Magazine Earlier this week, Vermont Governor Phil Scott signed bill S.60 into law. The new law provides cooperative and community-owned public power utilities with the ability to make minor adjustments to electric rates and provide customers with new, innovative services. The legislation, sponsored by Senator Ann Cummings, is the result of collaboration among electric utilities, state utility regulators, and Vermont legislators.
Prior to the passage of S.60, all electric utility rate adjustments and pilot programs were subject to formal reviews by state utility regulators. Often lengthy and expensive, this review process also presents a hurdle to utility innovation. The new law gives public power utilities the authority to implement rate changes up to 2% each year without undergoing the traditional reviews. It also allows utilities to pilot new services that advance Vermont’s climate requirements without being subject to ....

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