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VT Headlines: Vermont sees nation’s largest household income increase

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9 replies »

  1. Great news to the peeps in Montpelier cause they think that they own it and it to their redistribution agenda.

  2. How much of the so called income increase is due to government worker raises? Just remember this all comes at tax payer expense.

  3. Now, it is not how much money your making, but how much more you are spending for the same items.

  4. That’s good for the Vermont state employees but what about the rest of us. Social security went up less than half that amount.

  5. That looks the period after Covid when real Vermonters left the state and more trust fund flatlanders moved in to replace them.

  6. Washington, D.C., had the highest median income at $108.2K”.
    Huh I wonder why that is ?

  7. Median, mean and mode. Why the sudden change? Imported? More trust funds?

  8. As suggested by Mr Johnson above, I would love to see the Vermont income figures juxtaposed alongside those who have resided in Vermont more than 5 years, more than 10 years and those for an entire lifetime. I think you will find a correlation between increased wealth in Vermont and the number of Communists, Socialists and Progressives who have moved here. I would bet my next pension check that those newbies are in the higher income category. To provide proof, how many regular Vermonters can afford the McMansions built in our former cow pastures, why did our politics switch from being predominantly Democrats and Republicans to far left leaning believers. Just look at our State House representations as proof. I hear repeatedly, “who elected these people anyway?” and “why do our taxes keep going up?”. Well, you have your answer, yes 2+2=4, just as it always has.

  9. Re: “nation’s largest household income increase”

    Keep in mind that 40% or more of Vermont’s workforce is employed by the three sectors that are heavily, if not totally, funded by taxpayer dollars. That’s right. Healthcare, Education, Government and affiliated NGO non-profits. And Government jobs are expanding faster than any other sector.

    Just look at Efficiency Vermont, administered by Vermont Energy Investment Corporation (VEIC). an independent nonprofit energy services organization funded almost entirely by the Vermont Public Utilities Commission with its government grants and utility fees.

    VEIC’s CEO is paid more than $300 thousand per year in salary and benefits. In fact, VEIC’s top ten administrators are paid on average more than $200 thousand per year. VEIC salaries and benefits represent more than 90% of its annual $125 million revenue. And a significant portion of the other 10% goes to pay for those Efficiency Vermont TV ads we see every day.

    Take a look at VEIC’s IRS Return. It’s easy to see how wages for some are increasing disproportionately. VEIC’s “Chief People Officer’, for example, is paid $212 thousand in annual salary and benefits.

    And then there are the Public Utility Commission salaries and benefits. The chair of the commission was paid almost $250 thousand annually. The longest serving PUC commissioner, Margaret Cheney, was paid $170 thousand. And, oh, did I mention that Ms. Cheney is Senator Peter Welch’s wife. Senator Welch earns more than $174 thousand and his net worth is “anywhere between $4.8 million and $13.6 million”.

    Vermont has one of the highest number, per capita, of non-profit corporations in the country. Pick one. Then look at its annual IRS 990 return. You’ll find very few with top administrators being paid less than $100 thousand per year.

    Then there’s the Vermont Agency of Education, with approximately 20 thousand, mostly unionized, employees servicing only 72 thousand K thru 12 public school students. Never mind the thousands of retired AOE workers receiving very generous retirement benefits.

    But I suspect this dynamic may be in a state of flux with the Department of Government Efficiency sniffing around. Is it any wonder why the Vermont landscape is witnessing the deafening whines, bawls, and invectives we listen to every day at the prospect of so many being weaned from the public nipple?

    IMHO, it can’t happen soon enough.