Economists say the economic recovery has begun in Vermont, but significant uncertainties remain. They say there’s enough optimism to believe the economy is strong enough to expect state government’s collection of taxes and fees to increase.
Governor Jim Douglas and the chairmen of the Legislature’s budget and tax committees have agreed to boost their targets for state revenues. That means that in the budget through the end of June, they expect to collect roughly $16 million more than they previously anticipated. And for the budget year that begins on July first, they’re expecting $9.5 million more than previously forecast.