by Art Woolf
The state of Vermont released its monthly revenue report for the fiscal year through March and the bottom line, according to Administration Secretary Jeb Spaulding, is that
“We are pleased that, after three consecutive below target months for the General Fund, March was a positive one.
Reading the detail tells us something about how Vermonters are doing, and they're doing pretty well, income-wise. Personal income tax collections for the year to date are up 8.2% from a year ago, which means people's incomes are up about that much.
And Vermonters are spending some of that income on stuff, or at least on stuff that we pay sales tax on (up 5.7%). But it wasn't a good ski season, as spending on hotels and at restaurants was up a meager 2.8%. Rather than buying food, it appears that Vermonters (and those tourists who did come) spent their hard-earned money on alcohol at bars and taverns (spending up 9.2%). And they must have walked to those bars instead of driving since gas tax revenues were down 2.4%.