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Revenue Results and Targets

 

Personal Income Taxes are the largest source of General Fund revenue. Other major sources of State tax revenue include Property Taxes, Sales and Use Tax, Corporate Income Tax, Rooms and Meals Tax, Gasoline Tax, and Diesel Tax. State fees and permit revenue include monies paid to register a vehicle, obtain a sewer permit, enter and use a State Park campsite, and so on.

Revenue is segregated by funding source (State or Federal) and is often reported by component (a group or type of revenue). The State forecasts (estimates) and monitors revenue for all of a portion of the three major State funds:  General Fund (all), Transportation Fund (non-dedicated portion), and the Education Fund (non-property tax portion).  At least twice a year, in January and July, the Vermont Emergency Board reviews and officially adopts the State’s Consensus Revenue Forecast. The Emergency Board members include the Governor and four Legislative "Money" Chairs: House Appropriations; House Ways and Means; Senate Appropriations; and Senate Finance.

Disclaimer

The information contained on this website is not intended to be legal advice, nor is it designed or intended to be relied upon as authoritative financial, investment, or professional advice. No entity affiliated with, employed by, or constituting part of the State of Vermont warrants, endorses, assures the accuracy of, or accepts liability for the content of any information on this site or of the information contained on websites to which links are provided.