News Releases

May 02, 2008

Official Statement of the Governor

Montpelier, Vt. – At his weekly press conference today, Governor Jim Douglas today delivered the following opening statement:

“As we approach Friday’s adjournment and final agreement on the two remaining items of the economic growth initiative—the sales tax holiday and targeted assistance for high unemployment areas—I want to thank the Special Committee on Economic Recovery and Opportunity, and House and Senate leadership for evaluating, enhancing and passing the 15-point Economic Growth Initiative I presented. They’ve done swift and diligent work on this important task.

“Some said that this couldn’t be done—or that it was somehow a distraction—but this is a good example of what state government can achieve when all points of view are considered, strengthening the economy is the top priority and progress triumphs over partisanship.

“This economic growth initiative will create jobs and help to ensure that Vermont emerges from this challenge with a stronger and more resilient economy.

“In total, the package I presented could generate more than $214 million in direct economic activity and millions of dollars more in indirect economic multipliers. The Legislature’s additions add several million dollars more in value.

“These proposals will help Vermonters who are struggling to afford housing; spur new industries and job growth, while strengthening existing businesses and our environment; provide tax relief to consumers; and make responsible investments in our infrastructure.

“I’m also pleased the budget process is nearing a favorable resolution. Restoring Building Bright Futures early education funding and providing the necessary resources for Next Generation Scholarships, workforce training and mentoring programs are important investments in economic security.”

Source: Office of the Governor
Last Updated at: May 02, 2008 16:19:40