Another Year Later and Deeper in Debt

Opinion Editorial by David Coates, KPMG Partner (retired) and Lisa Ventriss, President, Vermont Business Roundtable
2.20.13

Beginning in 2009 we have periodically written to Vermonters regarding state and teacher pensions and related retiree health care benefits, and the impact they have on our fiscal future. In reviewing the most current Report of the Actuarial Valuation, it is evident that Vermont has made no overall progress on containing these costs.   Instead, we have continued to pile on more debt to be borne by future generations of Vermonters, and have placed additional pressure on future budgets that will crowd out funding of other important and necessary programs. Continue reading “OP-ED: Another Year Later and Deeper in Debt” →