MONTPELIER, Vt. (WCAX) – Vermont’s economy is firing on all cylinders but policies under the Trump administration could change that, according to state economists.
Vermont lawmakers were briefed Wednesday on where the economy is heading to help them prioritize their efforts.
Economists say the state’s low unemployment and robust tax collections have resulted in strong General and Transportation Funds. But they say collections in the Education Fund are below expectations. They also say uncertainty caused by the incoming Trump adminstration related to potential mass deportations, tariffs, and other factors are a moving target.
“We’ve pretty much taken a wait and see approach to what would actually happen because there’s been so much talk, and it’s tough to see that talk will translate to what policies. but it does look like there’s a whole lot more advance planning done with this second Trump administration,” said Vermont legislative economist Tom Kavet.
Vermont leaders recenlty approved a revenue upgrade for the General and Transportation Funds but also a downgrade in the Education Fund.