Vermont’s pension funds have
been battered by investment losses. So the state will need to increase funding for
its state employees’ and teachers’ retirement systems by more than $31 million next year to keep them in good shape.
A bad economy means more and more people are turning to resources at their local libraries. We talk with State Librarian Martha Reid, and library directors Jerry Carbone and Cindy Karasinski. Also, a look at how well funded the state’s pension and benefits funds are.
Vermont state government says it will do its part to help
resolve the national credit crisis. The
state will make short-term investments totaling $13 million in local
banks. The money will be used to make sure the banks have adequate working
Starting tomorrow Vermont
will sell $50 million worth of bonds aimed at capital projects like
government buildings and water improvement. Vermont Treasurer Jeb Spaulding says
there are a lot of good reasons for buying state bonds, and he says there’s a new
incentive this year.