Vermont Fiscal Statistics

StatisNostics/State Financials/Vermont

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20122021

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State Revenue Analysis (Vermont: 2012–2021)

Population: 626,138 → 623,989 (-0.3% change)

Overall Revenue Trends

Total Revenue▲ 42.7%

$5,634,045,000 (2012)→$8,042,152,000 (2021)

Per Capita Revenue▲ 43.2%

$8,998 (2012)→$12,888 (2021)

Fund Balances▲ 21.9%

$3,849,275,000 (2012)→$4,690,627,000 (2021)

Revenue Volatility✓ Low

Avg. fluctuation: 4.9%

Major Tax Revenue

Property Tax▲ 30.1%

$924,451,000 (2012)→$1,203,059,000 (2021)

Sales Tax▲ 48.3%

$342,085,000 (2012)→$507,259,000 (2021)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 51054.5%

$11,000→$5,627,000

Sale of Property▲ 4203.8%

$365,000→$15,709,000

Air Transportation Charges▲ 1277.8%

$27,000→$372,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 68.3%

$32,767,000→$10,394,000

Local Intergovernmental Highways▼ 65.9%

$4,008,000→$1,366,000

Amusement License Tax▼ 51.4%

$35,000→$17,000

Revenue Forecast

Projected Revenue (Next Year)▲ 9.4%

Estimated: $8,797,838,883

Based on 3-year revenue trend

Revenue Composition

2012 Revenue Sources

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%

2021 Revenue Sources

Federal Intergovernmental Public Welfare17.4%

Individual Income Tax15.3%

Property Tax15.0%

Total General Sales Taxes6.3%

Other Selective Sales Taxes5.8%

Higher Education Tuition Charges5.2%

Federal Intergovernmental Health & Hospitals4.7%

Federal Intergovernmental Education4.2%

Federal Intergovernmental Highways3.4%

Miscellaneous General Revenue Not Elsewhere Classified2.4%

Federal Intergovernmental Other2.1%

Corporation Net Income Tax2.1%

Motor Fuels Sales Tax1.4%

Liquor Stores Revenue1.3%

Interest Earnings1.3%

Higher Education Auxiliary Charges1.1%

Unemployment - Contribution1.1%

Tobacco Sales Tax1.0%

Motor Vehicle License0.9%

Donations From Private Sources0.9%

Documentary & Stock Transfer Tax0.9%

Insurance Premium Tax0.8%

All Other Not Elsewhere Classified Charges0.8%

Federal Intergovernmental Housing & Community Development0.8%

Net Lottery Revenue0.5%

Federal Intergovernmental Transit Utilities0.5%

Occupation & Business License Not Elsewhere Classified0.4%

Federal Intergovernmental Other Natural Resources0.3%

Death & Gift Tax0.3%

Sale of Property0.2%

Motor Vehicle Operators License0.2%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Other License Tax0.1%

Taxes Not Elsewhere Classified0.1%

Fines & Forfeits0.1%

Public Utilities Tax0.1%

Hunting & Fishing License0.1%

Unemployment - Interest Revenue0.1%

Housing & Community Development Charges0.1%

Federal Intergovernmental Air Transportation0.0%

Natural Resources Not Elsewhere Classified Charges0.0%

Corporation License Tax0.0%

Local Intergovernmental Highways0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

Regular Highway Charges0.0%

Alcoholic Beverage License Tax0.0%

Air Transportation Charges0.0%

Rents0.0%

Hospital Charges0.0%

Education Other State Charges Not Elsewhere Classified0.0%

Amusement License Tax0.0%

Key Insights

1Total revenue increased by 42.7% from 2012 to 2021, representing a significant change in the state's financial position.
2Population changed by -0.3%, while per-capita revenue changed by 43.2%.
3The state's fund balances increased by 21.9%, suggesting improved fiscal health.
4Revenue has been relatively stable (avg. fluctuation ~4.9%).

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State Expense Analysis (Vermont: 2012 - 2021)

Total Expenditure Trends

Operating Expenditures▲ 52%

$2,653,303,000→$4,024,235,000

Per Capita Spending▲ 52%

$4,238→$6,449

Population Trends

Population Change▼ 0.3%

626,138 (2012)→623,989 (2021)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 64%

$0 (2012)→$0 (2021)

Fire Protection▼ 0%

$0 (2012)→$0 (2021)

Infrastructure Expenses

Highways Maintenance▼ 25%

$0 (2012)→$0 (2021)

Sewerage Operations▼ 0%

$0 (2012)→$0 (2021)

Administrative Expenses

Financial Administration▲ 26%

$0 (2012)→$0 (2021)

General Expenses▲ 750%

$0 (2012)→$0 (2021)

Vermont Key Insights

1Per capita expenditures grew by 52%, indicating substantial service expansion or cost increases not explained by population growth alone
2General expenses increased dramatically by 750%, which may indicate classification changes, new initiatives, or reporting adjustments

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State Debt Analysis (2012-2021)

Debt Trends

Total Long-Term Debt▲ 16%

$1,625,828,000 (2012)→$1,893,754,000 (2021)

Industrial Revenue Debt▼ 23%

$1,648,833,000 (2012)→$1,273,868,000 (2021)

Per Capita Debt▲ 17%

$2,597 (2012)→$3,035 (2021)

Population Trends

Population Change▼ 0.3%

626,138 (2012)→623,989 (2021)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2021)

Issued:$205,215,000

Retired:$212,676,000

Net Change:$-7,461,000

Debt Retirement Trend

$179,111,000 → $212,676,000▲ 19%