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Don t miss the big stories. Like us on Facebook. MONTPELIER â Vermontâs tax revenue for June was a combined $38.8 million over projections, the state Agency of Administration reported Friday, capping a fiscal year in which the stateâs coffers consistently outperformed pandemic-tempered expectations. The results will benefit the stateâs efforts to pay down its underfunded pension benefit liability and will be considered when the state sets projections for fiscal 2022 next Friday. Personal income taxes brought in $124.4 million more than expected from the January revenue forecast, Secretary of Administration Susanne Young said in a statement. âThe large surplus will allow us to put away more money in reserves and will, by operation of current law, also add over $52 million to the Vermont State Employeesâ Postemployment Benefits Trust Fund,â Young said. ....
State revenue closes fiscal 2021 well above projections, resulting in cash for pension fund reformer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reformer.com Daily Mail and Mail on Sunday newspapers.
Obituary of Donald Ernest White e-know.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from e-know.ca Daily Mail and Mail on Sunday newspapers.
Pension task force takes first look at a $5.6 billion problem benningtonbanner.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benningtonbanner.com Daily Mail and Mail on Sunday newspapers.
Don t miss the big stories. Like us on Facebook. MONTPELIER â The first meeting of a task force appointed to find solutions to the stateâs multibillion unfunded pension liability will be held at 9 a.m. Friday. The agenda for the meeting was posted Thursday morning. It will be held remotely and live-streamed on a Legislative YouTube video channel. The task force, which includes state Rep. John Gannon, D-Windham 6, and Sen. Jeanette White, D-Windham, was created by a bill that also reorganized the governance of the commission guiding pension investments for the state. The pension funds for teachers and state employees have a combined unfunded liability of about $3 billion. When combined with post-employment benefits including health care, that figure swells to about $5.6 billion. ....