GlobalFoundries acquires IBM, state wrestles with sagging tax receipts, FairPoint workers strike and EB-5 complaints were among the year's top business and economy stories.
Author: Hilary Niles
Storify: Education funding ideas rev up VTDigger tweetchat
The idea of a single, statewide teachers' contract sparked debate amid talk of income sensitivity for property taxes and the right size classroom for quality education. Join us Monday for the next VTDigger tweetchat using #vtdchat
Data visualization: Personal income receipts fall short again
General Fund shortfall grows to $18 million this fiscal year as personal income collections fall short of projections for the eighth month in a row. Administration says trend makes budget cuts all the more urgent.
Administration backs away from unilateral budget cuts
The Shumlin administration has decided to avoid a confrontation with lawmakers over its authority to make additional budget cuts without gaining legislative approval. The cuts will instead be proposed through the budget adjustment process in January.
St. Michael’s adjunct faculty vote to join SEIU
Adjunct faculty at St. Michael’s College in Colchester voted 46 to 26 Monday to unionize with the Service Employees International Union (SEIU). They join colleagues from Burlington and Champlain colleges, where a majority of adjunct professors voted on Nov. 24 to join SEIU. The national union’s Adjunct Action initiative aims to organize part-time faculty at […]
VTC to lay off eight full-time faculty, 27 adjuncts may not be hired back next fall
Vermont Technical College notified eight full-time professors they may be laid off at the end of July. The single digit number belies major structural and programmatic changes as more than two dozen adjunct professors may be forced out, too.
Universal pre-K delayed one year
The 10-hour-per-week mandate for early childhood care is being pushed back to the 2016-17 school year, the Agency of Education announced Wednesday. The timelines in Act 166 didn’t match up with school budget votes, officials say.
Shumlin orders another $17 million in budget cuts
State agencies were directed Wednesday to find $17 million in savings during the current fiscal year, on top of $31 million in earlier cuts. Legislators challenge administration's authority to do so.
J.C. Penney and Stonebridge to pay $400,000 for improper charges
A “discount membership” program affiliated with J.C. Penney Co. will pay the state and Vermont consumers $400,000 to settle claims the company improperly charged consumers for services they didn’t know they had signed up for. Texas-based Stonebridge Benefit Services Inc. sells discount membership programs through which consumers can claim discounts on various purchases, from cars […]
Public comment on statewide education plan closes Dec. 4
A statewide strategic education plan is open for public comment until Dec. 4. The five-year plan describes how Vermont will help school boards improve student performance. A draft version was adopted by the State Board of Education at its Nov. 19 meeting. Since starting the process at a June 2014 retreat, the Board has discussed […]
Pending VTC layoffs announced
Layoffs next summer could prompt program closures, Vermont Technical College president Dan Smith told faculty. Some call the Randolph school’s financial woes a “canary in the coal mine” for the entire Vermont State College system.
Adjunct faculty at Burlington, Champlain colleges vote to unionize
Adjunct professors at Burlington and Champlain colleges voted by wide margins on Monday to join Service Employees International Union. Their counterparts at Saint Michael’s College are expected to vote Dec. 1. Burlington College’s adjunct faculty voted 23 to 4 to unionize. The tally for Champlain College was 118 to 30. They were organized by the […]
Weinberger wants speedy public process on $200M mall renovation
The mayor expects a green light by mid-December to enter a development agreement with Burlington Town Center owner Don Sinex. Weinberger said tax credits likely will be pursued to fund the city’s investment in the public-private partnership.
Vermont unemployment steady at 4.4 percent
Vermont’s unemployment rate held steady at 4.4 percent in October, according to a report released Friday by the Department of Labor. The leveling follows four consecutive months of increases in the seasonally adjusted jobless rate. The U.S. average unemployment rate ticked down one-tenth of a point to 5.8 percent. Nationwide, Vermont tied with Kansas for […]