Vermont Fiscal Statistics

StatisNostics/State Financials/Vermont

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20122023

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State Revenue Analysis (Vermont: 2012–2023)

Population: 626,138 → 645,570 (3.1% change)

Overall Revenue Trends

Total Revenue▲ 62.3%

$5,634,045,000 (2012)→$9,143,329,000 (2023)

Per Capita Revenue▲ 57.4%

$8,998 (2012)→$14,163 (2023)

Fund Balances▼ 100%

$3,849,275,000 (2012)→$0 (2023)

Revenue Volatility✓ Low

Avg. fluctuation: 6.4%

Major Tax Revenue

Property Tax▲ 31%

$924,451,000 (2012)→$1,210,786,000 (2023)

Sales Tax▲ 70.9%

$342,085,000 (2012)→$584,677,000 (2023)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 41681.8%

$11,000→$4,596,000

Sale of Property▲ 3752.6%

$365,000→$14,062,000

Local Intergovernmental Other▲ 2224.7%

$85,000→$1,976,000

Declining/Slowest Growing Sources

Local Intergovernmental Highways▼ 62.3%

$4,008,000→$1,511,000

Fines & Forfeits▼ 54.3%

$32,767,000→$14,987,000

Federal Intergovernmental Air Transportation▼ 50.2%

$5,377,000→$2,677,000

Revenue Forecast

Projected Revenue (Next Year)▲ 7.5%

Estimated: $9,827,267,223

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare17.8%

Property Tax16.4%

Individual Income Tax10.6%

Higher Education Tuition Charges6.5%

Federal Intergovernmental Highways6.2%

Other Selective Sales Taxes6.1%

Total General Sales Taxes6.1%

Federal Intergovernmental Education4.4%

Federal Intergovernmental Other2.4%

Unemployment - Contribution2.3%

Interest Earnings2.1%

Motor Fuels Sales Tax1.9%

Higher Education Auxiliary Charges1.8%

Corporation Net Income Tax1.7%

Tobacco Sales Tax1.4%

Miscellaneous General Revenue Not Elsewhere Classified1.3%

All Other Not Elsewhere Classified Charges1.3%

Federal Intergovernmental Housing & Community Development1.2%

Motor Vehicle License1.1%

Insurance Premium Tax1.0%

Federal Intergovernmental Health & Hospitals0.9%

Liquor Stores Revenue0.9%

Fines & Forfeits0.6%

Net Lottery Revenue0.5%

Documentary & Stock Transfer Tax0.4%

Federal Intergovernmental Other Natural Resources0.4%

Alcoholic Beverage Sales Tax0.4%

Occupation & Business License Not Elsewhere Classified0.3%

Donations From Private Sources0.3%

Federal Intergovernmental Transit Utilities0.3%

Death & Gift Tax0.2%

Public Utilities Tax0.2%

Parks & Recreation Charges0.2%

Motor Vehicle Operators License0.1%

Hunting & Fishing License0.1%

Federal Intergovernmental Air Transportation0.1%

Taxes Not Elsewhere Classified0.1%

Local Intergovernmental Highways0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Housing & Community Development Charges0.0%

Corporation License Tax0.0%

Other License Tax0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Alcoholic Beverage License Tax0.0%

Sale of Property0.0%

Regular Highway Charges0.0%

Rents0.0%

Local Intergovernmental Other0.0%

Hospital Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Air Transportation Charges0.0%

Unemployment - Interest Revenue0.0%

2023 Revenue Breakdown

Federal Intergovernmental Public Welfare19.6%

Property Tax13.2%

Individual Income Tax13.2%

Other Selective Sales Taxes6.7%

Total General Sales Taxes6.4%

Federal Intergovernmental Education5.0%

Higher Education Tuition Charges4.9%

Federal Intergovernmental Highways4.0%

Corporation Net Income Tax3.3%

Federal Intergovernmental Other3.0%

Federal Intergovernmental Health & Hospitals2.9%

Miscellaneous General Revenue Not Elsewhere Classified1.7%

Interest Earnings1.6%

Motor Fuels Sales Tax1.4%

Higher Education Auxiliary Charges1.3%

Donations From Private Sources1.2%

Documentary & Stock Transfer Tax1.2%

Liquor Stores Revenue1.1%

Motor Vehicle License0.8%

Unemployment - Contribution0.8%

Tobacco Sales Tax0.8%

Insurance Premium Tax0.8%

All Other Not Elsewhere Classified Charges0.8%

Federal Intergovernmental Other Natural Resources0.7%

Federal Intergovernmental Housing & Community Development0.7%

Net Lottery Revenue0.7%

Occupation & Business License Not Elsewhere Classified0.4%

Death & Gift Tax0.2%

Parks & Recreation Charges0.2%

Fines & Forfeits0.2%

Sale of Property0.2%

Motor Vehicle Operators License0.2%

Alcoholic Beverage Sales Tax0.1%

Other License Tax0.1%

Public Utilities Tax0.1%

Taxes Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Housing & Community Development Charges0.1%

Unemployment - Interest Revenue0.1%

Corporation License Tax0.0%

Federal Intergovernmental Air Transportation0.0%

Local Intergovernmental Other0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Local Intergovernmental Highways0.0%

Alcoholic Beverage License Tax0.0%

Air Transportation Charges0.0%

Rents0.0%

Regular Highway Charges0.0%

Hospital Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Federal Intergovernmental Sewerage0.0%

Key Insights

1Total revenue increased by 62.3% from 2012 to 2023, representing a significant change in the state's financial position.
2Population changed by 3.1%, while per-capita revenue changed by 57.4%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Vermont: 2012 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 126%

$2,653,303,000→$5,997,766,000

Per Capita Spending▲ 119%

$4,238→$9,291

Population Trends

Population Change▲ 3.1%

626,138 (2012)→645,570 (2023)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 8%

$92,386,000 (2012)→$99,654,000 (2023)

Fire Protection▼ 0%

$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 3%

$248,372,000 (2012)→$256,217,000 (2023)

Sewerage Operations▼ 0%

$0 (2012)→$2,344,000 (2023)

Administrative Expenses

Financial Administration▲ 45%

$70,273,000 (2012)→$101,938,000 (2023)

General Expenses▲ 271%

$72,398,000 (2012)→$268,948,000 (2023)

Vermont Key Insights

1Per capita expenditures grew by 119%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 271%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 45%

$1,625,828,000 (2012)→$2,350,344,000 (2023)

Industrial Revenue Debt▼ 100%

$1,648,833,000 (2012)→$0 (2023)

Per Capita Debt▲ 40%

$2,597 (2012)→$3,641 (2023)

Population Trends

Population Change▲ 3.1%

626,138 (2012)→645,570 (2023)

Debt Management

Most Recent Year (2023)

Issued:$82,606,000

Retired:$184,917,000

Net Change:$-102,311,000

Debt Retirement Trend

$179,111,000 → $184,917,000▲ 3%