Vermont Fiscal Statistics

StatisNostics/State Financials/Vermont
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20122024
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State Revenue Analysis (Vermont: 2012–2024)

Population: 626,138 → 647,064 (3.3% change)

Overall Revenue Trends

Total Revenue▲ 61.9%
$5,634,045,000 (2012)→$9,119,205,000 (2024)
Per Capita Revenue▲ 56.6%
$8,998 (2012)→$14,093 (2024)
Fund Balances▼ 100%
$3,849,275,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 5.9%

Major Tax Revenue

Property Tax▲ 41.4%
$924,451,000 (2012)→$1,307,255,000 (2024)
Sales Tax▲ 74.6%
$342,085,000 (2012)→$597,330,000 (2024)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 68081.8%
$11,000→$7,500,000
Sale of Property▲ 4783.8%
$365,000→$17,826,000
Air Transportation Charges▲ 1300.0%
$27,000→$378,000

Declining/Slowest Growing Sources

Local Intergovernmental Highways▼ 87.5%
$4,008,000→$503,000
Fines & Forfeits▼ 68.4%
$32,767,000→$10,360,000
Alcoholic Beverage Sales Tax▼ 46.5%
$22,403,000→$11,978,000

Revenue Forecast

Projected Revenue (Next Year)▼ 3.2%
Estimated: $8,831,878,135
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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare18.9%
Property Tax14.3%
Individual Income Tax13.6%
Other Selective Sales Taxes7.1%
Total General Sales Taxes6.6%
Federal Intergovernmental Education5.0%
Higher Education Tuition Charges4.5%
Federal Intergovernmental Highways3.8%
Corporation Net Income Tax2.8%
Miscellaneous General Revenue Not Elsewhere Classified2.8%
Federal Intergovernmental Other2.4%
Interest Earnings2.2%
Federal Intergovernmental Health & Hospitals1.5%
Higher Education Auxiliary Charges1.5%
Motor Fuels Sales Tax1.3%
Liquor Stores Revenue1.2%
Documentary & Stock Transfer Tax1.1%
Donations From Private Sources0.9%
Motor Vehicle License0.9%
Insurance Premium Tax0.9%
Unemployment - Contribution0.8%
Tobacco Sales Tax0.8%
Federal Intergovernmental Other Natural Resources0.8%
Net Lottery Revenue0.7%
All Other Not Elsewhere Classified Charges0.7%
Federal Intergovernmental Housing & Community Development0.7%
Occupation & Business License Not Elsewhere Classified0.4%
Death & Gift Tax0.3%
Sale of Property0.2%
Motor Vehicle Operators License0.2%
Parks & Recreation Charges0.2%
Alcoholic Beverage Sales Tax0.1%
Other License Tax0.1%
Fines & Forfeits0.1%
Public Utilities Tax0.1%
Taxes Not Elsewhere Classified0.1%
Housing & Community Development Charges0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Hunting & Fishing License0.1%
Unemployment - Interest Revenue0.1%
Federal Intergovernmental Air Transportation0.0%
Corporation License Tax0.0%
Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%
Local Intergovernmental Highways0.0%
Alcoholic Beverage License Tax0.0%
Air Transportation Charges0.0%
Regular Highway Charges0.0%
Rents0.0%
Special Assessments0.0%
Local Intergovernmental Other0.0%
Hospital Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Amusement License Tax0.0%

Key Insights

  1. 1Total revenue increased by 61.9% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Population changed by 3.3%, while per-capita revenue changed by 56.6%.
  3. 3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Vermont: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 138%
$2,653,303,000→$6,307,770,000
Per Capita Spending▲ 130%
$4,238→$9,748

Population Trends

Population Change▲ 3.3%
626,138 (2012)→647,064 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 18%
$92,386,000 (2012)→$108,610,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 8%
$248,372,000 (2012)→$268,383,000 (2024)
Sewerage Operations▼ 0%
$0 (2012)→$2,841,000 (2024)

Administrative Expenses

Financial Administration▲ 83%
$70,273,000 (2012)→$128,526,000 (2024)
General Expenses▲ 232%
$72,398,000 (2012)→$240,110,000 (2024)

Vermont Key Insights

  1. 1Per capita expenditures grew by 130%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 232%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 83% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 51%
$1,625,828,000 (2012)→$2,450,635,000 (2024)
Industrial Revenue Debt▼ 100%
$1,648,833,000 (2012)→$0 (2024)
Per Capita Debt▲ 46%
$2,597 (2012)→$3,787 (2024)

Population Trends

Population Change▲ 3.3%
626,138 (2012)→647,064 (2024)

Debt Management

Most Recent Year (2024)

Issued:$332,624,000
Retired:$222,143,000
Net Change:+$110,481,000

Debt Retirement Trend

$179,111,000 → $222,143,000▲ 24%

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2New debt issuance significantly increased the per-resident debt burden (up 46%).