Vermont Fiscal Statistics

StatisNostics/State Financials/Vermont

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20122022

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State Revenue Analysis (Vermont: 2012–2022)

Population: 626,138 → 623,347 (-0.4% change)

Overall Revenue Trends

Total Revenue▲ 72.7%

$5,634,045,000 (2012)→$9,730,852,000 (2022)

Per Capita Revenue▲ 73.5%

$8,998 (2012)→$15,611 (2022)

Fund Balances▼ 100%

$3,849,275,000 (2012)→$0 (2022)

Revenue Volatility✓ Low

Avg. fluctuation: 6.5%

Major Tax Revenue

Property Tax▲ 33.7%

$924,451,000 (2012)→$1,235,599,000 (2022)

Sales Tax▲ 59.5%

$342,085,000 (2012)→$545,564,000 (2022)

Utility Revenue

Growth Analysis

Fastest Growing Revenue Sources

Unemployment - Interest Revenue▲ 34654.5%

$11,000→$3,823,000

Sale of Property▲ 4068.8%

$365,000→$15,216,000

Federal Intergovernmental Health & Hospitals▲ 2414.3%

$53,340,000→$1,341,106,000

Declining/Slowest Growing Sources

Fines & Forfeits▼ 68.1%

$32,767,000→$10,469,000

Local Intergovernmental Highways▼ 54.6%

$4,008,000→$1,820,000

Interest Earnings▼ 53.8%

$116,654,000→$53,866,000

Revenue Forecast

Projected Revenue (Next Year)▲ 10.3%

Estimated: $10,729,969,250

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%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare17.0%

Federal Intergovernmental Health & Hospitals13.8%

Individual Income Tax13.0%

Property Tax12.7%

Other Selective Sales Taxes5.7%

Total General Sales Taxes5.6%

Federal Intergovernmental Education4.6%

Higher Education Tuition Charges4.5%

Federal Intergovernmental Other3.4%

Federal Intergovernmental Highways2.8%

Corporation Net Income Tax2.5%

Miscellaneous General Revenue Not Elsewhere Classified1.8%

Motor Fuels Sales Tax1.3%

Documentary & Stock Transfer Tax1.2%

Higher Education Auxiliary Charges1.1%

Liquor Stores Revenue1.0%

Tobacco Sales Tax0.8%

Motor Vehicle License0.8%

Donations From Private Sources0.7%

Insurance Premium Tax0.7%

Federal Intergovernmental Housing & Community Development0.6%

Unemployment - Contribution0.6%

All Other Not Elsewhere Classified Charges0.6%

Interest Earnings0.6%

Net Lottery Revenue0.5%

Occupation & Business License Not Elsewhere Classified0.3%

Federal Intergovernmental Other Natural Resources0.3%

Sale of Property0.2%

Death & Gift Tax0.1%

Motor Vehicle Operators License0.1%

Alcoholic Beverage Sales Tax0.1%

Parks & Recreation Charges0.1%

Fines & Forfeits0.1%

Other License Tax0.1%

Public Utilities Tax0.1%

Taxes Not Elsewhere Classified0.1%

Hunting & Fishing License0.1%

Housing & Community Development Charges0.1%

Natural Resources Not Elsewhere Classified Charges0.1%

Unemployment - Interest Revenue0.0%

Federal Intergovernmental Air Transportation0.0%

Corporation License Tax0.0%

Local Intergovernmental Highways0.0%

Miscellaneous Commercial Activity Not Elsewhere Classified Charges0.0%

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%

Local Intergovernmental Education0.0%

Key Insights

1Total revenue increased by 72.7% from 2012 to 2022, representing a significant change in the state's financial position.
2Population changed by -0.4%, while per-capita revenue changed by 73.5%.
3The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.

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State Expense Analysis (Vermont: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 118%

$2,653,303,000→$5,777,938,000

Per Capita Spending▲ 119%

$4,238→$9,269

Population Trends

Population Change▼ 0.4%

626,138 (2012)→623,347 (2022)

⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▼ 2%

$92,386,000 (2012)→$90,316,000 (2022)

Fire Protection▼ 0%

$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▼ 14%

$248,372,000 (2012)→$213,540,000 (2022)

Sewerage Operations▼ 0%

$0 (2012)→$2,116,000 (2022)

Administrative Expenses

Financial Administration▲ 155%

$70,273,000 (2012)→$179,061,000 (2022)

General Expenses▲ 376%

$72,398,000 (2012)→$344,406,000 (2022)

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 376%, which may indicate classification changes, new initiatives, or reporting adjustments
3Financial Administration was the fastest growing major expense category at 155% increase

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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 45%

$1,625,828,000 (2012)→$2,353,032,000 (2022)

Industrial Revenue Debt▼ 100%

$1,648,833,000 (2012)→$0 (2022)

Per Capita Debt▲ 45%

$2,597 (2012)→$3,775 (2022)

Population Trends

Population Change▼ 0.4%

626,138 (2012)→623,347 (2022)

⚠️ Per capita debt increased significantly with stable population

Debt Management

Most Recent Year (2022)

Issued:$90,365,000

Retired:$216,393,000

Net Change:$-126,028,000

Debt Retirement Trend

$179,111,000 → $216,393,000▲ 21%

Key Insights

1The state's debt burden per resident grew substantially while population remained relatively flat.