Vermont Secretary of Administration Press Release (Dec. 2018)
On December 17, 2018, Administration Secretary Susanne Young released General Fund, Transportation Fund and Education Fund revenue results for the month of November and the first five months of the State’s 2019 fiscal year. Receipts activity across all three fund aggregates during the month of November were upbeat, with receipts in the General Fund and Transportation Fund tracking ahead of cumulative consensus expectations through November. Receipts in the Education Fund were also up versus expectations for the month of November, paced by an ahead of target monthly receipts performance in the Sales & Use Tax. November’s above-target level of receipts in the Sales & Use Tax was the first ahead of target monthly receipts performance of the 2019 fiscal year. Receipts overall in the Education Fund were down slightly for the fiscal year to-date, mostly due to the under-performance of the Sales & Use tax over the first four months of the 2019 fiscal year. Even so, revenues in the State’s Education Fund were only 1.0 percent below consensus expectations overall through November.
Click the pdf below to download Secretary Young’s most recent press release.