Commentary: Vermont’s Unfunded Liabilities Aren’t Just Pensions
When we talk about Vermont’s nearly $6 billion unfunded liability, most of us think about the teachers’ and state employees’ pensions. But these two giant liabilities only account... Read more
Commentary: The Peril of the Federal Billions
On January 5 Gov. Phil Scott delivered an upbeat State of the State message. He declared that though Vermont has many unmet needs - his leading example was a “despera... Read more
Vermont ranks 43rd in Business Tax Climate
The Tax Foundation released its annual State Business Climate rankings for 2022 on Thursday. Overall, Vermont scored 2nd worst in New England at #43, behind only Connec... Read more
Two tax increases proposed to lessen pension crisis
When Vermont’s Legislature appointed the Pension Benefits, Design, and Funding Task Force, there was a good chance tax increases would be discussed at some point. Now, Vermonters ... Read more
Guilt for Underfunded Pensions Lies with Legislature, Not Taxpayers
In testimony provided to the Pension, Benefits, Design and Funding Task Force on September 9, Paul Cillo, President of the Public Assets Institute, came to testify about the “fisc... Read more
Commentary: Unsustainability Crisis Facing Seniors
The national debt is $28.43 trillion and rising steadily. Even at historically low interest rates, that can’t last forever, the Federal government is paying almost... Read more