Please join people of faith and people in our community for a discussion about how we can build a moral economy.
Informational presentation, light snacks, engaging community conversation, and steps you can take to get involved.
Sponsored by Vermont Interfaith Action and Public Assets Institute, and hosted by local faith communities.
The need for a more open and transparent budget process became clear last week with the news that the state is on the hook for an extra $18 million in Medicaid payments this year. The payments weren’t factored in last spring when the administration and the Legislature put together the state budget, so now policymakers are scrambling now to come up with the money.
That the Medicaid payments were overlooked shouldn’t surprise us since the annual budget process focuses on revenue rather than the state’s obligations to its citizens. The budget process works like this: revenue experts agree on how much revenue the state will receive in the coming year, the governor proposes a budget based on that amount, and the Legislature adopts this budget with some changes. Read more
If a lot of Vermonters feel they’re not getting ahead, they’re right. New Census data show that median household income in 2014 inched up to $54,166. But after adjusting for inflation, that’s 5 percent lower than before the recession. The buying power of the median Vermont household—half have incomes below the median and half have incomes above it—has basically stayed put since 2000.
Growing child poverty
For child poverty in Vermont, 2014 was the second worst year of the 21st century. The percentage of kids living below the poverty level hit 15.3 percent—a rate topped only in 2010, during the depths of the recession. Read more