Vermont General Fund below monthly target, Transportation and Education funds above

first_imgThe Vermont General Fund took a hit last month as both the Personal Income and Corporate tax revenues fell below expectations. Secretary of Administration Jeb Spaulding today released the December 2011 General Fund (GF) revenue results. December is the sixth month of fiscal year (FY) 2012. General Fund revenues totaled $96.47 million for December 2011, and were -$9.70 million or -9.14% below the $106.18 million consensus revenue forecast for the month. Year to date, General Fund revenues were $569.12 million, and +$2.43 million or +0.43% ahead of the target of $566.69 million for FY 2012. Cumulatively, General Fund receipts through December 31, 2011 exceed the prior fiscal year (FY 2011) to date receipts as of December 31, 2010 by +3.16%.‘After four consecutive months of above target General Fund receipts, it is disappointing to see results slide below target for the month. However, this is not a total surprise and not necessarily an indication of the health of the Vermont economy. Our recent monthly revenue releases have been cautionary about Corporate Income Tax receipts, which accounted for the majority of above target performance for the year and also underperformance for the month of December. A correction here was not unexpected and we can expect more in the coming months,’ explained Secretary Spaulding.Current targets reflect the Fiscal Year 2012 Consensus Revenue Forecast adopted by the Emergency Board at their July 21, 2011 meeting. Statutorily, the State is required to revise the Consensus Revenue Forecast two times per year, in January and July; the Emergency Board may schedule interim revisions if deemed necessary. The next Emergency Board meeting is scheduled for January 18, 2012.Personal Income Tax (PI) receipts are the largest single state revenue source providing approximately 50% of total GF revenue. PI Tax receipts are reported Net-of-Personal Income Tax refunds. Net Personal Income Tax is comprised of PI Withholding Tax, PI Estimated Payments, PI Refunds Paid, and PI Other. Net PI Receipts for December were recorded at $51.98 million, -$3.32 million or -6.00% below the monthly target of $55.29 million. The year to date Net PI Tax receipts were $283.90 million, or -$0.86 million or -1.07% below the cumulative target.Corporate Income Taxes are also reported net-of. At $6.68 million, the December Net Corporate Receipts were close to 50% short of the monthly target of the $12.42 million (-$5.74 or -46.19%). Year to date Corporate receipts were $37.99 million, +$4.45 million or +13.27% ahead of target, as significant drop from last month. The current month drop has pushed the cumulative receipts down to -14.87% below the same period in the prior fiscal year.Consumption tax results for December were mixed ‘ both hovering close to the targets for the month: Sales & Use Tax receipts of $18.35 million were above target by +$0.06 million (+0.31%); Rooms & Meals Tax receipts of $7.79 million fell short of target by -$0.03 million (-0.42%). Year to date, Sales & Use Tax receipts of $113.38 million remains slightly ahead of target by +$0.16 million or +0.14% and Rooms & Meals Tax receipts of $65.41are above target by +$2.19 million or +3.46% for the current fiscal year (FY 2012). As compared to the same period for the prior fiscal year (FY 2011), cumulative December consumption taxes (Sales & Use, and Meals & Rooms) exceeded the prior year results by +5.74% and +3.46% respectively.The remaining non-major tax components include Insurance, Inheritance & Estate Tax, Real Property Transfer Tax, and ‘Other’ (which includes: Bank Franchise Tax, Telephone Tax, Liquor Tax, Beverage Tax, Fees, and Other Taxes). The results for the remaining non-major categories for December were as follows: Insurance Tax, $1.74 million (9.70%); Inheritance & Estate Tax, $1.32 (-26.61%); Property Transfer Tax, $0.64 million (-24.52%); and ‘Other’, $7.98 million (-1.81%). The year to date December results for the remaining non-major categories were: Insurance Tax, $16.56 million (-1.26%); Inheritance & Estate Tax, $9.41 (-3.76%); Property Transfer Tax, $4.19 million (-13.89%); and ‘Other’, $38.28 million (-5.55%). Cumulatively, the total non-major component receipts of $64.45 million were below the prior year total of $69.08 million by -$4.64 million, or -6.71%. However, the shortfall versus prior year in ‘Other’ is primarily due to one-time extraordinary settlement activity in Bank Franchise Tax during August of the prior year. Transportation FundSecretary Spaulding also released the non-dedicated Transportation Fund Revenue for December. Total non-dedicated Transportation Fund receipts of $17.34 million for the month exceeded target by +$0.40 million (+2.38%), against the monthly target of $16.94 million. The December year to date Transportation Fund receipts of $107.59 million was ahead of the $105.64 million target by +$1.95 million or +1.84%. Year to date December FY 2012 non-dedicated Transportation Funds have now exceeded the prior year (FY 2011) by 2.84% for the same period.Gasoline Tax and Diesel Fuel Tax both fell short of target for the month, while the remaining taxes and fees were above target. Individual Transportation Fund revenue components for December were: Gasoline Tax, $4.98 million or -2.17% behind target; Diesel Tax, $1.46 million or -19.95% below target; Motor Vehicle Purchase & Use Tax, $4.07 million or +4.40% ahead of target; Motor Vehicle Fees, $4.85 million or +5.22% above; and Other Fees, $1.98 million or +30.57% above the monthly target. Year to date results for the individual Transportation Fund revenue components for December were: Gasoline Tax, $31.14 million or -0.42% short of target; Diesel Tax, $7.80 million or +0.37% above target; Motor Vehicle Purchase & Use Tax, $26.11 million or -0.90% behind target; Motor Vehicle Fees, $33.67 million or +3.95% ahead of target; and Other Fees, $8.86 million or +12.83% above the monthly target.Secretary Spaulding said, ‘Despite below target performances in Gasoline and Diesel Fuel Taxes for the month, cumulative non-dedicated Transportation Fund receipts through December continued to out-pace the prior year. Of the five Transportation Fund revenue components, only Gasoline Tax is below the prior year (FY 2011) by -1.50%.’The Secretary also reported on the results for the Transportation Infrastructure Bond Fund (’TIB’). TIB Fund Gas receipts for December were $1.78 million or +12.98% in excess of target; year to date TIB Gas receipts were $10.97 million or +15.82% ahead of target. TIB Fund Diesel receipts for the month were $0.17 million or +16.63% above the monthly target; year to date TIB Diesel receipts were $0.94 million or +7.86% ahead of target. The TIB Fund receipts are noted below the following table: ConclusionSecretary Spaulding concluded, ‘General Fund receipts for December were not what we wanted, but we are still slightly ahead of target for the year and we have collected $17.4 million more for the first six months of this year than we did last year. We look forward to the report from the two State economists next week when the Emergency Board adopts a revised revenue forecasts for the rest of 2012 and 2013.’center_img Education FundToday, Secretary Spaulding released the ‘non-Property Tax’ Education Fund revenues (which constitute approximately 12% of the total Education Fund sources). The non-Property Tax Education Fund receipts for December totaled $12.72 million, or +$0.06 million (+0.46%) above the $12.66 million target for the month. Year to date, non-Property Tax Education Fund receipts were $79.49 million, or -0.41% short of the year to date target. The individual Education Fund revenue component results for December were: Sales & Use Tax, $9.18 million, or +0.31% above target; Motor Vehicle Purchase & Use Tax, $2.03 million or +4.40%; Lottery Transfer, $1.51 million or -3.69% below; Education Fund Interest for December was under $0.00 million against a similar target. Year to date receipts by component were: Sales & Use Tax, $56.69 million, or +0.14% ahead of target; Motor Vehicle Purchase & Use Tax, $13.06 million or -0.90%; Lottery Transfer, $9.40 million or -3.17% below target; year to date Education Fund Interest for December was under $0.02 million against a target of below $0.01 million. As compared to prior year, FY 2012 year to date non-Property Tax Education Fund receipts are 5.59% ahead of the FY 2011 results for the same period.last_img read more

Nassau, Suffolk Cops Hosting National Night Out Events

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York Suffolk County police cruiser.Nassau and Suffolk county police are inviting the public to events Tuesday evening aimed at fostering community relationships to help prevent crime as a part of the annual National Night Out Against Crime.The festivities include weapons safety lessons and demonstrations, Child Safety Information and ID Kits, guest speakers as well as free food and entertainment.The National Association of Town Watch sponsors the events on the first Tuesday in August in an effort to promote crime prevention programs and cultivate relationships between neighborhood precincts, local business owners and civic groups.National Night Out has evolved into a nationwide campaign including over 37 million people from all 50 states since 1984.In Suffolk, five of the seven precincts will be hosting the following events:First Precinct: Wyandanch Park, 792 Mount Ave., Wyandanch, 4-8 p.m.Second Precinct: Manor Field, East 5th Street, Huntington Station, 2-6 p.m.Third Precinct: Target Store parking lot, 838 Sunrise Hwy., Bay Shore, 5:30-8 p.m.Fourth Precinct: Target Store parking, 98 Veterans Memorial Hwy., Commack, 5-8 p.m.Fifth Precinct: Martha Avenue Park, Martha Avenue, North Bellport, 6 p.m.In Nassau County, four of the former eight precincts will be hosting the following 11 events:First Precinct: Cow Meadow Park, Freeport, 7-9 p.m. and Veteran’s Memorial Park, East Meadow Ave. and Prospect Ave., East Meadow, 7-9 p.m.Second Precinct: Target Store, 3850 Hempstead Tpke., Levittown, 6-9:30 p.m. and Theodore Roosevelt Park, Oyster Bay.Third Precinct: Jonathan L. Ielpi Firefighters Park on Grace Ave., Great Neck Plaza 6-9:30 p.m. and Williston Park Village Gazebo, Hillside Ave. and Concord St., 6 p.m., Westbury/New Cassel parade starts at the Salvation Army, 992 Prospect Ave. in New Cassel at 5 p.m.Fourth Precinct: Cedarhurst Park, Cedarhurst Ave. and Summit Ave., 6-10 p.m., Dutch Broadway Park, 2161 Dutch Bwy., Elmont, 6:30-9:30 p.m., Echo Park on Nassau Boulevard, West Hempstead, 6-10 p.m.last_img read more

2 Filipinos killed in Taiwan bridge collapse

first_imgRescuers work near the site of a collapsed bridge in Nanfangao, eastern Taiwan on Oct. 1, 2019. AP MANILA – The bodies of twoFilipinos have been recovered from the rubble after a bridge in Taiwancollapsed on Tuesday, the Manila Economic and Cultural Office said Wednesday. Divers joined hundreds of rescuers inthe search effort, using cranes and excavators to raise the wreckage of twofishing boats after Tuesday’s accident injured 10 people, most of themfishermen from Indonesia and the Philippines. (ABS-CBN News/PN) 3 Filipinos still missing after Taiwan bridge collapse; 5 others injured Rescuers are also searching for anIndonesian fisherman, local authorities said. One Filipino fisherman remains missing,MECO director for administration Gerry De Belen said. Impang’s family will receive allbenefits as he was an active member of the Overseas Workers WelfareAdministration. Serencio, meanwhile, was an inactive OWWA member as of 2017,DOLE said. “We will assist in the repatriationof human remains and to process all benefits and entitlements arising from theaccident,” it said in a statement. The Department of Labor and Employment(DOLE) identified the fatalities as Andree Serencio and Gorge Impang, and themissing fisherman as Romulo Escalicas Jr.last_img read more

Pony Express Ride to Camp Sunnyside halted for first time by pandemic

first_imgANKENY — An Easter weekend tradition in Iowa that’s never before been canceled in 50-plus years — won’t happen this year due to the coronavirus pandemic.The annual Pony Express Ride to Camp Sunnyside near Ankeny typically involves some 300 riders on horseback coming from all corners of the state. Marlene Scarlett of Maxwell, the organization’s secretary, says just because there’s no ride doesn’t mean there’s no need to help people with disabilities.“You can get on our website, which is,” Scarlett says. “There are several pages on there and you can explore what we’re all about. There’s also a way to donate and you can send funds in directly to Pony Express Riders of Iowa.”The first benefit ride for Easter Seals of Iowa was held in 1968 and has since raised nearly $11 million for the charity. Located on 88 acres, Camp Sunnyside was designed, built and is staffed to meet the recreational needs of campers, both children and adults, with all types of disabilities.last_img read more

Ronaldo breaks new ground as Madrid edge out Dormund

first_imgRonaldo took his tally to nine goals in six Europan appearances this season with a spectacular long-range effort into the top corner after Borja Mayoral’s opener to give Real a 2-0 lead inside 12 minutes.Pierre-Emerick Aubameyang continued his excellent record against Madrid with a quickfire double either side of half-time to bring Dortmund level.But despite Vazquez’s late strike, the Germans drop into the Europa League with a record low two points thanks to their better goal difference over APOEL Nicosia, who were defeated 3-0 at Spurs.Real were, though, hit by a fresh injury blow as French international defender Raphael Varane limped off just before half-time holding his left leg.Zinedine Zidane now faces a defensive crisis ahead of the visit of Sevilla on Saturday with captain Sergio Ramos, right-back Dani Carvajal and holding midfielder Casemiro all suspended.“With Rafa he has done some damage to himself, but we will see tomorrow when we do the scans as always,” said Zidane.“He won’t be there Saturday that is for sure. We have to look for solutions.” And just four minutes after the break Dortmund were level as Aubameyang dinked a lovely finish over Keylor Navas after his initial effort had been saved by the Madrid goalkeeper for his fifth goal in his last four appearances against Real.“He is great player and with his speed he is always a dangerous player,” said Dortmund boss Peter Bosz. “I hope he stays a long time with us.”Ronaldo was wrongly denied his second of the night by the offside flag as he prodded home from close range.But moments later Madrid did grab the winner when Vazquez’s effort trundled past Burki, who was slow to react as the ball nestled in the bottom corner.Dortmund should still have earned a share of the points, but Kagawa blasted a glorious chance over the bar as the German giants’ run without a win in the Champions League or Bundesliga stretched to 11 games.“The performances have to improve,” admitted former Ajax coach Bosz, whose job is under serious threat.“We started very badly, but after we showed how well we can play and the return of some injured players in December gives us hope for the future.”Share on: WhatsApp Zidane made six changes from the side that started Saturday’s 0-0 draw at Athletic Bilbao, but the hosts still made a flying start.Ronaldo’s fine through ball just evaded Isco, but fell perfectly into the path of Mayoral and the 20-year-old kept his cool to chip the onrushing Roman Burki for his first Champions League goal.By contrast, Ronaldo had his 114th in the competition moments later as he lined up a sumptuous strike from 25 yards.However, the warning signs of a Dortmund recovery were in evidence as the first half wore on as Varane had to make last-ditch challenges to deny Aubameyang and Shinji Kagawa.Aubameyang has spoken openly of his desire to play for Madrid one day and did his case of a dream move no harm with two classy finishes either side of half-time.Once Varane limped off, Aubameyang was left free inside the box to plant a diving header inside the far corner two minutes before half-time. – Real’s flying start – Madrid, Spain | AFP | Cristiano Ronaldo became the first player to ever score in all six Champions League group games in one season as Real Madrid edged out a dispirited Borussia Dortmund 3-2 on Wednesday.Lucas Vazquez grabbed the winner nine minutes from time for the European champions, who were already guaranteed to go through to the last 16 as runners-up in Group H to Tottenham Hotspur.last_img read more

Treasure Hunters find Ancient Coins on Treasure Coast

first_imgTwo Florida residents armed with metal detectors made an amazing discovery on the state’s Treasure Coast.The men were searching for treasure on a public beach when they discovered 22 Spanish coins believed to be from a shipwreck more than 300 years old.The silver is estimated to be worth about $6,000 in all and, because they were found on land and not in the ocean, they can keep their prize and don’t need a permit.last_img

European Leaders Warn COVID-19 Vaccine May Not Be Close

first_img“I said we would throw everything we could at finding a vaccine,” Johnson wrote in The Mail on Sunday newspaper. “There remains a very long way to go, and I must be frank that a vaccine might not come to fruition.”Johnson added that Britain is taking “baby steps” toward reopening, “trying to do something that has never had to be done before — moving the country out of a full lockdown.”“Despite these efforts, we have to acknowledge we may need to live with this virus for some time to come,” Johnson cautioned.He said the U.K. needs to find new ways of controlling the coronavirus. Those methods include more testing for people with symptoms, as well as tracing the contacts of infected people.Coronavirus has infected over 4.6 million people and killed more than 312,000 worldwide to date, according to Johns Hopkins University. The U.S. has reported nearly 89,000 dead in the pandemic and Europe has seen at least 160,000 deaths. Two major European leaders have issued warnings to their citizens that the world needs to adjust to life with the coronavirus, and that people cannot wait to be saved by a yet-to-be-developed vaccine.Italian Prime Minister Giuseppe Conte and British Prime Minister Boris Johnson made the comments over the weekend.With 36 million newly unemployed people just in the United States, economic pressures are building to reopen and return to some sense of normalcy, even with the risk of new waves of infections and deaths.Conte is allowing restaurants, bars and beach facilities in Italy to open Monday, the same day that church services will be allowed to resume and shops can reopen.″We are facing a calculated risk, in the awareness … that the epidemiological curve could go back up,” Conte said late Saturday. “We are confronting this risk, and we need to accept it, otherwise we would never be able to relaunch.”He added that Italy could “not afford” to wait for a vaccine, as health experts believe one could still be months or even years away.“We would find ourselves with our social and productive fabric heavily damaged,” Conte said.For his part, Britain’s Johnson, who was hospitalized last month with COVID-19, told his citizens on Sunday that there is a possibility that a vaccine may not be developed at all.last_img read more

The Community Farm Land Trust Permanently Protects West Olympia Farmland

first_imgSubmitted by South of the Sound Community Farm Land Trust (SSCFLT) On June 26, 2015, the South of the Sound Community Farm Land Trust (SSCFLT) successfully completed its efforts to permanently preserve 1.18 acres of urban farmland in West Olympia. The land will be used by non-profit Garden Raised Bounty (GRuB) for their nationally recognized youth programming. GRuB brings together youth and people who identify as low-income to grow themselves good food and community.Funded by Thurston County’s Conservation Futures program, SSCFLT’s acquisition protects an irreplaceable parcel of land that yields over 10,000 pounds of produce annually. Food grown on the land is donated to the Thurston County Food Bank, goes home with low-income youth, and is sold through a farm stand and farmers markets to support GRuB’s operations.The acquisition not only helps GRuB continue its important work, but also furthers SSCFLT’s mission to preserve working farmland and keep it accessible and affordable for local farmers. The average age of farmers in the U.S. is 57 and rising, and over two-thirds of the country’s farmland is expected to change hands in the next two decades. SSCFLT views its partnership with GRuB as a way to help train and empower a new generation of farmers and farmland stewards.GRuB In The School provides students an opportunity to lead farm and community work while learning leadership and life skills. The program is designed to help students grow and succeed in school, life and future employment.GRuB’s alternative school model brings low-income and disengaged youth to the urban farm for a unique hands-on learning experience and vocational training. Their innovative curriculum creates opportunities for youth to grow food, learn about leadership and life skills, and contribute to community food solutions. GRuB students gain deeper leadership skills by hosting younger students in GRuB’s field trip program or being employed as second year summer crew leaders. In addition, GRuB’s pollination program now teaches its youth program model and provides technical assistance so other communities can replicate it.GRuB’s Kitchen Garden Project also gives low-income people access to resources and community connections by offering them backyard gardens, training and mentorship. Lastly, GRuB relies on volunteers to accomplish much of its work. Inspired by its success with youth, GRuB trains its volunteers and stakeholders to increase their awareness, self-advocacy, communication skills and leadership so they may more deeply engage in GRuB’s programs, the community, and the broader Food Movement.SSCFLT’s preservation of the 1.18 acres of farmland ensures that GRuB can continue its programming in perpetuity. SSCFLT is proud to support the important role GRuB plays in the South Sound community. For more information about SSCFLT and its work to preserve local farmland, visit For more information about GRuB, visit Facebook176Tweet0Pin0last_img read more

Cats grab bronze by stopping Elkford, Immaculata continues to shine with KVC title

first_imgLocal teams took it on the chin at the Kootenay Volleyball Classic Saturday at the Mount Sentinel High School gymnasium.Host Wildcats captured the bronze medal for the best finish for the three West Kootenay entrants.“As I mentioned before (tournament) the challenge with our team is to find ways to play beyond our ages (Grade 11’s and Grade 9”s),” Wildcats coach Joe Moreira told The Nelson Daily.“For some inexplicable reason we played most of our seven matches with a maturity and confidence . . . (which) caught me by surprise.”After dropping a semi final match to Kootenay rival Fernie Falcons, the Cats defeated Elkford in the consolation game to capture third place in the eight-team tournament.Immaculata of Kelowna, ranked second overall in the recent B.C. High School Girl’s A poll, won the tournament defeating the Falcons in the final.The other two West Kootenay schools, Trail’s J. Lloyd Crowe and L.V. Rogers Bombers of Nelson finished sixth and seventh, respectively.Prince Charles Comets of Creston took fifth with Enderby’s A.L. Fortune finishing in the basement.The Wildcats hosted a German touring team Tuesday before returning to the practice court in preparation for the prestigious UBC-O Invitational Tournament Friday and Saturday in Kelowna.Moreira is hoping to build on the recent improvements in Kelowna.“Hopefully this weekend instilled a measure of confidence that we will need for the balance of the season,” Moreira said.“Looking ahead, our zone tournament is really deep. Teams that have traditionally been AA are now A and are pretty strong this year.”Hawks get better with ageThe J. Lloyd Crowe Hawks played like champions, but didn’t get the results at the Kootenay Volleyball Classic at Mount Sentinel.The Hawks took silver medal winner Fernie Falcons to a deciding game — Crowe actually led the contest by early in the third game — before losing the round robin match in three games.The Hawks, however, did improve in the overall standings, nosing ahead of West Kootenay rival LVR into sixth spot.In the opening tournament of the season in the Silver City for both LVR and Crowe, the Bombers finished ahead of Trail in the overall [email protected]last_img read more


first_img19-DAY AUTUMN MEET TO OFFER FIVE GRADE I BREEDERS’ CUP PREPS ON SEPT. 26 AND WILL RUN THROUGH OCT. 25; POPULAR CLOCKERS’ CORNER VENUE REOPENS ON FRIDAY AT 5 A.M.                 ARCADIA, Calif. (Sept. 3, 2015)–Santa Anita’s stable area, which has been closed for renovations since mid-July, will reopen on Friday, Sept. 4, with the training track and main track available to horsemen beginning Saturday and Sunday in advance of the track’s 2015 Autumn Meet, which opens on Sept. 26. Additionally, Santa Anita’s popular coffee and breakfast destination, Clockers’ Corner, will be open for business on a seven day-a-week basis beginning Friday morning from 5 a.m. to 10 a.m.The 19-day Autumn Meet will open with a bang as a total of five Grade I Breeders’ Cup Challenge, “Win and You’re In” prep stakes will be carded on opening day, with first post time for an 11-race program scheduled for 12:30 p.m. (First post time for the remainder of the Autumn Meet will be at 1 p.m.) Santa Anita will offer a total of six Grade I Breeders’ Cup Challenge races and a total of 21 overall added money events–12 of which are graded, throughout the meet.Santa Anita’s stable area, which is home to some 2,000 Thoroughbreds when occupied, has undergone routine repairs and scheduled maintenance. Returning horsemen will see fresh paint, repaired stalls, and improved drainage and access throughout the roughly 40 acres that comprise the stable area.For more information on Santa Anita’s 2015 Autumn Meeting, please visit, or call (626) 574-RACE.last_img read more