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Old 08-27-2008, 01:23 PM
 
166 posts, read 385,632 times
Reputation: 112

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A Census report released Tuesday offers a dim picture of Vermont's economy: the state's median household income for 2006-07 dropped by 4.7 percent from 2004-05.
That decline is the second largest in the nation during that time period, according to data from the U.S. Census Bureau report. Vermont's median household income went from $52,902 in 2004-05 to $50,423 in 2006-07, the report says.

"It was a big decline, which is surprising," said Art Woolf, economics professor at the University of Vermont.

Surprising, he said, because 2006-07 were robust years compared with this year, which has seen an increase in the unemployment rate amid a national economic downturn.
Woolf also said indicators paint a different picture of Vermonters' income. The state's income withholding tax revenue grew during that time period and continues to grow, he noted.

Census: Vermont household income down | burlingtonfreepress.com | The Burlington Free Press
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Old 08-27-2008, 02:34 PM
 
894 posts, read 1,283,442 times
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That's a bummer.
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Old 08-27-2008, 05:28 PM
 
Location: Vermont
3,328 posts, read 8,763,998 times
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According to the article, it might not be as "bad" as it seems. I agree with the article in that census data is not 100% reliable. We'll see what happens over the next couple of years with these numbers....like the article states the numbers have bounced around over the past-up/down up/down.
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Old 08-28-2008, 12:10 AM
 
Location: hinesburg, vt
1,574 posts, read 4,414,706 times
Reputation: 395
This can't be true. The state revenues are up and they reliably keep mining more cash from taxpayers. After getting home from my trip today I had the pleasure to have received a "revised" tax bill from town increasing it by $59.00. Where did the increase go, education of course. If my income goes up or not one thing which is for certain as is the knowledge it will snow this winter--the state will continue to plunder whatever they can for as long as they can. A shame they can't apply the philosophy concerning getting more oil, you know, drilling is not the answer.
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