Legislative session races to finish on back of $4.5 billion budget bill

first_imgThe Vermont House is expected to take up the $4.5 billion state budget either today or tomorrow, with a possible legislative adjournment tomorrow. However, Governor Douglas is expected to veto the budget bill if it comes to him in its current form, which is also expected. Even though the bill cuts income taxes across the board ($22 million total reduction), the governor has stated that he does not support the increase in overall spending and that total taxes are increasing $26 million, most of which is being bourn by the statewide property tax. Taxes are also being raised on capital gains, tobacco products and being initiated on liquor. If the governor vetoes the budget bill, the Legislature would probably reconvene in June. Legislators leaders maintain that the economic recession raises the need for state services, on the one hand, while on the other, state spending provides economic stimulus.Meanwhile, the $649 million capital and transportation bills have received wide support in the Legislature and administration. This spending is mostly targeted to road and bridge repair. Vermont’s transportation infrastructure is generally recognized as being in disrepair. Along with federal stimulus funds, which will pay for most of the road and bridge work, Vermont will be able to upgrade the infrastructure and increase related employment.The non-transportation part of the money – the capital bill – calls for $109 million, of which $38.8 million will come from federal stimulus funds and $70 million from state bonding. The biggest items on this list are $10.3 million for school construction projects, $8.6 million for state park and community project grants, $8 million for a new state office building in Bennington, and $6.8 million for the new state archives.Another bill the governor is likely to veto is the renewable energy bill. Among other objections by the Douglas administration, the bill sets rates for renewable energy projects, which typically is the responsibility of the Public Service Board. Department of Public Service Commissioner David O’Brien told VBM that the bill will raise rates to consumers. He said the green energy industry is building itself up on its own at a lower cost than the bill would demand.The price guarantees for producers would be 20 cents per kilowatt hour for wind generation, 30 cents per kwh for solar and 12 cents per kwh for methane (Cow Power, landfill generation). The average consumer price is about 12.5 cents per kwh now.O’Brien said the entire bill is poorly conceived as is not within the bounds of good public policy. Nor, as he sees it, is it good for economic development because it will make the price of power more expensive. He said if the maximum of 50 megawatts were reached, it would add about $9 million in consumer costs.”I don’t think it’s fair to consumers, especially middle income and lower income consumers,” O’Brien said. The Department of Public Service represents consumers in rate cases. He said the governor has not stated whether or not he will veto the bill as written.Other Highlights:An Act Relating to the State’s Transportation Program (H.438)Creates the framework for a state-bonding programLevies $9.2 million in motor vehicle feesCreates a two percent tax on gas at the retail levelCreates a three-cent tax on diesel fuelAn Act Making Appropriations for the Support of Government (H.441 & H.442)Increases tax on cigarettes and other tobacco productsPlaces a six percent sales tax on liquor sold at VT liquor outletsProvides for a tax amnesty programStudies the creation of a State Department of Revenue and the imposition of service-based taxesLowers the exemption threshold for the estate tax to $2 millionAn Act Relating to Capital Construction and Bonding (H.4 45) Provides funding for repairs at state welcome centers and historic state buildingsAppropriates money for the use of the Vermont Telecom Authority to leverage additional money for the state’s telecommunication and broadband servicesAuthorizes the head of any state agency to apply for funds made available through the federal American Recovery and Reinvestment Act of 2009.Source of Highlights: Vermont Chamber of Commerce.last_img read more

Long Island Blizzard Warning Issued, Heavy Snow & Flooding Possible

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Long Island has been placed under a blizzard warning as a powerful mid-Atlantic Nor’easter churns toward the region this weekend.The blizzard warning will go into effect early Saturday morning and last until noon Sunday, according to the National Weather Service’s Upton office. Blowing snow could start after 3 p.m. Saturday and continue through the evening.It’s not only periods of heavy snowfall that Long Islanders will have to contend with. Sustained winds of 35 mph combined with gusts of 55 mph could spawn whiteout conditions that will make traveling extremely dangerous. As a result of drifting snow, forecasters said, visibility may be reduced to ¼ of a mile—or, in some cases, “near zero” visibility.Snow accumulation predictions currently range from 7 to 12 inches, forecasters said.Parts of the Island will also be under a coastal flood warning. A combination of powerful wind gusts and a full moon could mean tides 3 to 4 feet above normal, forecasters said.The South Shore could see the most flooding, the weather service said.“Elevated water levels and large breaking waves on the shore of Long Island may result in erosion of dunes,” the weather service said on its website.The massive storm could impact as many as 15 states. Washington D.C. is preparing for more than two feet of snow, prompting officials there to shut down its entire mass transit system.Foreboding weather predictions appeared to have some local residents preparing for the worst, with residents filling up gas cans to fuel generators in the event of power outages.The biggest threat to power lines is icing brought on by the blistering cold and heavy snow expected to blanket the region, PSEG Long Island said.During the week, the utility has conducted logistics and system checks ahead of the storm.Local officials urged residents to use caution over the weekend. They implored people to stay off the roads and only get behind the wheel if travel is absolutely necessary.Nassau County Executive Ed Mangano said there’s more than 100 pieces of snow-fighting equipment and 28,000 tons of salt available to treat roads.“Nassau County is monitoring the storm track and prepared to begin bringing main county roadways, bridges and overpasses to prevent black ice from forming,” Mangano said.Suffolk County Deputy Commissioner Tim Sini said the department has equipment and people in place throughout the county to ensure road safety.Gov. Andrew Cuomo said the state is prepared to assist local municipalities impacted by the storm.The Island is also in store for frigid temperatures near freezing this weekend.last_img read more