497 results found for "tax flight"

Vermont’s tools for education funding equity: Weighting and categorical aid

…a tax rate schedule so that homestead tax rates are higher or lower in a district proportional to its per-pupil spending. All school taxes go into a single pot, the…

The expanded Child Tax Credit should be permanent

…2021 taxes next spring. Previously families received the credit only when they filed their taxes. An estimated 104,000 Vermont children under 18 would benefit from making the expansion permanent. Part…

Why is there a worker shortage?

…possible, thanks to the federal supplemental unemployment benefits, federal stimulus payments and tax credits, and help from state government, we rediscovered how much stronger the economy can be when people…

Income and poverty both fell during the pandemic. Huh?

…poverty in Vermont fell during the pandemic. The state’s Supplemental Poverty Measure (SPM)—which includes tax credits, pandemic stimulus payments, and other government transfers that the official rate does not—decreased to…

Testimony to Pension Benefits, Design, and Funding Task Force, September 9, 2021

…public employee compensation. However, not all of that $4 billion comes from the personal income of Vermonters.  Some is paid by nonresidents—property taxes, income taxes, sales taxes, fuel taxes, rooms…

Over $10 billion in federal COVID relief

…Vermont’s 2019 total personal income—has helped Vermonters get through the pandemic. A third of the support has gone directly to individuals, in the form of unemployment benefits, stimulus payments, tax…

Averages can be deceiving

…find workers. That should induce them to offer higher wages, which could mean we consumers would need to pay a little more, too. But better wages, combined with better tax…

Jobs return post-COVID, but are they good enough?

…other barriers to work, too, including continued COVID risk and scarce affordable child care. Vaccinations will mitigate the former. And parents may get relief with the monthly child tax credit…

Student weighting is more complicated than it seems

…more complex. The Vermont Tax Structure Commission recently referred to the “baffling complexity” of the current education tax system. Adopting the weighting changes and the underlying education cost statistical analysis…

Unemployment benefits common sense

…remitted $37 million to the Vermont Tax Department in withholding taxes on benefits paid to Vermont unemployment recipients. During the same period in 2019, the Department of Labor withheld less…

Vermont is digging out and building back

…adjustments to employer contributions and employee benefits to begin rebuilding the fund balance next year.  Tax credits Thanks to increased tax credits, Vermont families will pay less for child care…

town2town: 3 Vermont school tax questions answered

…either the percent of household income paid in school taxes or the tax rate per $100 of property value. 2. How does my town compare? Note: Tax rates for the…