Page 2 - Yield Bill News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Unemployment insurance bill will increase tax burden for Vermont businesses Without legislative intervention, Vermont businesses will experience an enormous increase in the unemployment insurance tax rate as a result of COVID-19-related claims. A Senate committee has passed a bill to delay that increase, but at the same time also voted to add significant new benefits that will further increase costs to employers. The Unemployment Trust Fund is paid through a UI tax on business owners. Pre-COVID, the fund had a robust $500 million balance. The tax is calculated in five schedule rates, with Sch...

Thu, 02/04/2021 - 11:41am meganj By:  Peter Conlon There is a small bill making its way through the Legislature this week that brings good financial news for all Vermonters. Called the Yield Bill, it sets a number that will be used to calculate statewide education property tax rates, and that number is far better than legislators, economists and school officials had imagined when the pandemic began or even a couple of months ago. The result will be education property tax rates that should ultimately be lower than predicted, even as recently as mid-January when schoo...