Month: January 2021

  • IRS drops plan to change captive insurance tax status

    first_imgIRS drops plan to change captive insurance tax statusThe Coalition for Fairness to Captive Insurers, CICA and VCIA are pleased to report that today (February 20, 2008), the Internal Revenue Service announced that it is withdrawing proposed IRS Regulation §1.1502-13(e) on consolidated returns that would have adversely affected single parent captive insurance companies. Consequently, the public hearing requested by the Coalition on this issue which was scheduled for February 29th has been cancelled.”We are thrilled that the IRS and Treasury Department have chosen to withdraw the portion of the proposed regulation involving captive insurance companies,” said Dennis Harwick, Co-Chair of the Coalition and President of the Captive Insurance Companies Association (CICA). “This welcome, but unusual, action is testimony to the strong technical response that the Coalition developed for the IRS and the on-going conversations that we had with representatives of the IRS and Treasury Department about the technical and policy flaws of the proposed regulation.””This decision removes the uncertainty that has hung over the captive industry since the IRS regulation was proposed last fall,” said Molly Lambert, Co-Chair of the Coalition and President of the Vermont Captive Insurance Association (VCIA). “We would like to thank all of the Coalition members who helped with both the technical and political response to the proposed regulation. The forceful and unified response of the captive industry, captive regulators, state governors, and affiliated organizations played a key role in convincing the IRS to withdraw the proposed regulation even before the formal hearing.”The Coalition for Fairness to Captive Insurers was formed last fall shortly after the IRS published its proposed regulation and CICA and VCIA determined that those regulations would have a serious negative effect on many single parent captive insurance companies. The Coalition, CICA, and VCIA made a commitment to engaging the best legal minds to prepare a detailed (39 page) technical response to the proposed regulation, along with a coordinated political effort to oppose implementation of the proposed regulation. “We are gratified that the substance of the arguments put forth in the Coalition’s technical response appears to have been a key reason for the IRS’s decision,” says Harwick. “In addition, it seems clear that marshalling support for the captive industry’s position on Capitol Hill was also critically important to this successful outcome. Our thanks to everyone, inside and outside the Coalition, who helped with this effort.”# # # #last_img read more

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  • Vermont General Fund Revenue Results Below Targets

    first_imgYTDYTD%MarchMarch%Tax ComponentFY 2007FY 2008Change20072008ChangePersonal Income 357.53  392.88 9.89% 15.56  17.49 12.40%Sales & Use 169.91  174.91 2.94% 16.17  16.63 2.84%Corporate 49.19  51.02 3.72% 19.57  13.02 -33.47%Meals & Room 89.67  95.57 6.58% 10.76  11.33 5.30%Insurance Premium 47.66  47.67 0.02% 7.07  1.73 -75.53%Inheritance & Estate 17.14  9.38 -45.27% 3.90  0.26 -93.33%Real Property Transfer 9.68  8.65 -10.64% 0.84  0.75 -10.71%Other 57.17  55.83 General FundToday, Secretaryof Administration Michael K. Smith released the General Fund revenue resultsfor the month of March, the ninth month of fiscal year 2008. General Fundrevenues totaled $68.72 million, -$7.74 million or -10.12% less than the $76.46million consensus revenue target for the month. The resulting fiscalyear-to-date General Fund revenue total of $835.91 million is -$1.09 million or-0.13% below the recently revised consensus forecast of $837.00 million. “TheGeneral Fund results for the month were adversely affected by certain taxreceipts that were received in February but included in the March target. However,it should be noted that excluding the timing item, General Fund revenue forMarch was still below target.”Vermont is beginning to feel the impact of the nationaleconomic condition. We are in for a rough period,” said Smith, “hopefully,short in duration, but nonetheless Vermont will be impacted by the national economy.”The monthlyconsensus cash flow targets reflect the most recent fiscal year 2008 ConsensusRevenue Forecast that was agreed to by the Emergency Board on January 16, 2008. Normally, theStates Consensus Revenue Forecast is updated two times per year, in Januaryand July. However, this year, due to concerns about the national economy, theEmergency Board will be meeting on April 15, 2008 to consider revising the consensus revenueforecast.MonthlyPersonal Income Tax receipts are the largest single state revenue source, and arereported Net-of-Personal Income Tax refunds. Personal Income Tax for March ($17.49million) was above target by +$3.63 million, with the fiscal year-to-datePersonal Income Tax results showing above target performance of +$4.86 million or+1.25%, and +$35.35 million or +9.89% ahead of the prior year-to-date. “WhileNet Personal Income Tax remains above target, we are watching a trend of abovetarget refunds that, if it continues, could reduce the favorable results in NetPersonal Income Tax. Although Corporate Income Tax was +$0.15 million ahead oftarget for the month ($13.01 million vs. $12.86 million) and +$2.29 millionabove target year-to-date ($51.02 million vs. $48.73 million), we are concernedfor future results; we are beginning to see some erosion in corporate profits,”said Smith.”Theconsumption taxes are softening and are of concern,” Smith noted. The Rooms& Meals Tax of $12.83 million fell below target again this month (by -$1.50million or -11.73%). Sales and Use Tax was essentially on target for the month($16.63 million vs. $16.62 million) and remains only slightly above targetyear-to-date at $174.91 million (+$0.37 million or +0.21%).Smith noted that, “The Other General Fundcategories are also of concern, with below target results for both the month(-$10.01 million or -49.38%) and year-to-date (-$6.76 million or -5.27%).” TheOther General Fund category includes Insurance Tax, Estate Tax, Bank FranchiseTax, Telephone Tax, Liquor Tax, Property Transfer Tax, Fees, and Other Taxes. “TheInsurance Tax fell below target again by -$9.10 million or -83.99%, only someof which was due to prior month timing. Estate Tax also fell below target by -$1.9million or -88.29% for the month,” said Smith. Year-to-date, through March, theEstate Tax, which is always difficult to predict, was -$4.98 million or -34.69%below the year-to-date target. General Fund By Major Element (In Millions) Montpelier, VT – Secretary of Administration Michael K. Smith Announces that GeneralFund and Transportation Fund Revenues Were Below Target and Education Fund RevenuesWere Slightly Above Target for March. All Funds May Fall Short of Existing FiscalYear 2008 Revenue Targets.last_img read more

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  • SBA awards presented today on Burlington’s waterfront

    first_imgThe Small Business Administration awards celebration will be held this evening, June 10, 2009, from 4-7 pm under the Discover Jazz tent at Burlington Waterfront Park. The awards program is presented by Vermont Business Magazine and the SBA.The principal award will go to Mark Bonfigli, CEO and Founder of Dealer.com, Burlington, who is the U.S. Small Business Administration’s (SBA) 2009 Vermont Small Business Person of the Year. Bonfigli was selected for outstanding leadership related to his company’s staying power, employee growth, increase in sales, innovation and contributions to the community.Bonfigli’s company, Dealer.com, is a leading provider of online marketing solutions to the automotive industry. Dealer.com offers award-winning website design incorporating dynamic video, user-friendly management tools, search engine advertising and metrics and web analytics. Dealer.com’s suite of online marketing solutions creates a 360 degree view of auto dealers’ online and traditional marketing investments and results. Dealers can easily track spending and determine which activities lead to the highest return on investment, allowing them to streamline advertising and marketing efforts to increase sales.Bonfigli founded Dealer.com in 1998 to offer automotive dealers a “best in class’ solution for their Internet marketing needs. At the time, the Internet auto market was dominated by two large companies, but Bonfigli persisted. Despite difficult times in the automotive industry, 2008 saw the highest annual revenue increase in the company’s eleven-year history, for a five-year growth rate total of 1,225 %. According to Bonfigli, more of the top 150 largest dealer groups in North America use Dealer.com Internet marketing services than those of any other provider.Bonfigli attributes the company’s success to employee creativity and hard work, under his guidance, and Dealer.com provides over 200 full-time employees with high wage jobs, training and the potential for career growth. Dealer.com permits employees to work flexible schedules and provides numerous seminars and workshops related to career growth, personal financial planning, nutrition and other topics. The company recently opened the doors to its new 60,000 sq. ft. headquarters featuring a state-of-the-art health club, indoor basketball court, indoor tennis court, indoor track and an organic foods café. The building is LEED certified, meaning it is environmentally responsible, and incorporates solar panels and natural light to help limit carbon emissions. “Dealer.com employees drive our success and are the heart of the business,” commented Bonfigli. “The company would not be so successful without the many talented and hard-working people dedicated to offering our clients the best service and technology. I am honored by the award and share it with everyone who is part of the Dealer.com team.”Firmly committed to helping improve the community by giving back, Dealer.com supports local charitable events and holds regular fund raisers to benefit local charities. In an innovative partnership with the state of Vermont and VT HITEC (Health Care and Information Technology Education Center), the company provided job training to local Vermonters and overcame the difficulty of finding highly skilled IT workers in the area. Bonfigli has more than 20 years of marketing and sales experience in the auto industry, including 10 years as the co-founder of EARTHCARS, Inc., a New England-based automotive retailer. Bonfigli was named as a Finalist in the 2007 and 2008 Ernst & Young Entrepreneur of the Year award in the New England Region and his company has received numerous recognitions including the Deloitte & Touche Tech Fast 50, the Deloitte Technology Fast 500, the Inc 5000 fastest-growing companies in the U.S., and several automotive industry awards for being the leading Internet marketing solution for auto dealers.As Vermont’s Small Business Person of the Year, Mark Bonfigli will compete for the national title at National Small Business Week ceremonies in Washington, D.C., May 17-22. Mr. Bonfigli will be locally honored by the U.S. Small Business Administration on June 10th at a ceremony presented by Vermont Business Magazine, Waterfront Park, Burlington. Cost is $35 per person.The Burlington Small Business Award celebration will also honor the following winners of the 2009 Vermont Small Business Champion Awards: Jim Sault, General ManagerPorter Music Box, RandolphSmall Business Exporter of the YearTara Lynn Scheidet, OwnerTara Lynn Studio, SuttonSBA Young Entrepreneur of the YearJohn Vincent, OwnerVincent’s Drug & Variety Store, WaterburyJeffrey Butland Family-Owned Small BusinessGail Wheel, President & OwnerWheel House Designs, Inc., Hyde ParkMicroenterprise SuccessMatt Cota, Executive DirectorVermont Fuel Dealers Association, MontpelierFinancial Services ChampionMajor Randall K. Gates, State Family Program DirectorVermont National GuardVeterans Small Business ChampionSteven Paddock, Assistant Director, AgribusinessVermont Small Business Development Center, MiddleburyHome-Based Business ChampionMary Peabody, Community Development SpecialistUniversity of Vermont Extension, BerlinWomen in Business Championlast_img read more

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  • Vermont Grocers’ Association elects new chairperson

    first_imgThe Vermont Grocers’ Association has elected Darcy Nutter of Price Chopper Supermarkets as its new Chair. Darcy is a zone manager for the family owned chain with responsibility for their southern Vermont stores as well as their New Hampshire markets and some of their New York locations. Also elected were Todd Keyworth of Harborside Market as Vice Chair and Dwight LaFountain of Jiffy Mart as Secretary-Treasurer.She has been a member of the VGA board of directors since 2003 and has served on various committees including the association s government affairs committee, convention committee and executive committee. Darcy co-chaired the 2007 convention. The most rewarding part of the zone manager position to her is the human connection with people, and making a difference in their professional lives. Darcy was the first woman selected for this position at Price Chopper, and strives to set a strong and proud example of what women have to offer in the business world.Darcy has been married for 33 years to husband David and they have four children; Amy, Bradley, Sabrina, and Carly. They reside in Arlington, VT.In addition, the following people were elected or re-elected to serve on the organization s board of directors: Patrick Crowl of the Woodstock Farmers Market, Kathy Miller of The Elmore Store, Pat Breen of Grand Union Markets, Clem Nilan of City Market, Burlington, Kim Crosby of Vermont Roots, Rutland, Mike Baker of Baker Distributing, Colchester, and Doug Tschorn of the Wayside Country Store in West Arlington, VT.Bill MacDonald of the Waits River General Store was also recognized at the ceremony for his service as VGA Chairman the past two years. Mr. MacDonald will continue to serve on the organization’s board as past chair.The Vermont Grocers’ Association is a statewide organization representing approximately 700 stores and 245 suppliers to the industry. The elections took place at the association s annual meeting at the Sheraton Burlington Hotel on September 12, 2009. Source:last_img read more

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  • Nokian Tyres acquires Maine Wholesale Tire in move to solidify distribution

    first_imgNokian Tyres,Nokian Tyres, Inc. has announced that its subsidiary, University Wholesalers,  has purchased Maine Wholesale Tire, a Portland, Maine based tire distributor. The new entity will operate under the University Wholesalers name. The operation gives us a much stronger presence in Maine and will enable us to improve levels of service to our dealers there and also in southern New Hampshire and eastern Massachusetts, said Jari Lepisto, General Manger Nokian Tyres, Inc.One of the former owners of Maine Wholesale Tire will remain as management staff to ensure a smooth transition. Terms of the deal were not disclosed.About Nokian Tyres, Inc.Nokian Tyres, Inc. is the North American subsidiary of Nokian Tyres P.L.C. of Nokia, Finland, a leading manufacturer of winter and performance tires for cars and SUVs.  Located in Colchester, Vermont, the company employs 135 people and services over 1500 retailers in North America selling Nokian products. The company also owns and operates 12 Vianor retail tire and service centers through the Northeast.Source: Nokian.  COLCHESTER, Vt. (September 18th, 2009)-last_img read more

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  • Senate Judiciary Committee approves bill to repeal Freedom of Information exemption

    first_img# # # # # Source: Leahy. WASHINGTON (Thursday, Sept. 16, 2010) ‘ The Senate Judiciary Committee Thursday unanimously approved bipartisan legislation to repeal exemptions to the Freedom of Information Act (FOIA) for the Securities and Exchange Commission (SEC) that were enacted as part of the Wall Street reform bill, which was signed into law in July. The legislation is sponsored by Committee Chairman Patrick Leahy (D-VT), and Committee members Chuck Grassley (R-IA), John Cornyn (R-TX), and Ted Kaufman (D-DE).The legislation will eliminate several FOIA exemptions for certain records provided to the SEC. The exemptions were included in the Wall Street Reform and Consumer Protection Act.‘I am concerned that the FOIA exemptions in Section 929I of the historic Wall Street reform law could be interpreted and implemented in a way that undermines the important goal of restoring transparency and accountability in our financial system,’ said Leahy. ‘Congress should take immediate steps to clarify this matter and eliminate overly broad FOIA exemptions. The Senate should pass this important legislation without delay.’‘The economic crisis and wave of financial frauds we have seen over the past few years necessitate more transparency, not less, at the SEC,’ said Cornyn. ‘The special SEC exemptions tucked into the massive Dodd-Frank bill earlier this year could allow the SEC to deny citizens access to almost all agency records. The SEC does not have the best track record when it comes to FOIA requests, and should play by the same rules of transparency as every other government agency.’‘As I said back in July, any exemptions to the Freedom of Information Act, which empowers citizens to monitor their government, must be fashioned with a scalpel,’ said Kaufman. ‘The Dodd-Frank law unfortunately contains overbroad SEC exemptions to FOIA. The bill voted out of the Judiciary Committee today eliminates the exemptions while carefully addressing legitimate SEC concerns. Its passage is critical to restoring transparency and promoting effective oversight of our financial markets and regulatory agencies.’‘The blanket FOIA exemption for the SEC that was contained in the Wall Street Reform bill was dramatically overbroad and was drafted in a way that evaded full and fair consideration by this Committee. It was particularly troubling given the SEC’s terrible record on complying with FOIA and the clear intent of Congress on this issue,’ Grassley said. ‘Our bill is a much needed piece of legislation to correct this problem. It does so in the spirit of open government, while protecting information Congress has previously exempted from disclosure.’The legislation approved by the Judiciary Committee also clarifies that hedge funds and other new entities that the SEC will regulate under the Wall Street reform law will be considered ‘financial institutions’ for the purposes of applying FOIA Exemption 8. The bill will ensure that the SEC can treat sensitive information provided by hedge funds to the Commission in connection with the SEC’s examination and surveillance activities in the same manner as the Commission treats such information when it is provided by other financial institutions.The legislation will now be referred to the full Senate for consideration.last_img read more

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  • HUD to provide permanent housing to homeless veterans in Vermont

    first_imgUS Housing and Urban Development Secretary Shaun Donovan announced today that HUD will provide $58,568 to the Vermont State Housing Authority to provide permanent housing for 10 homeless veterans in the state. The funding is provided through The Veterans Affairs Supportive Housing Program (HUD-VASH), a coordinated effort by HUD, the US Department of Veterans Affairs (VA), and local housing authorities to provide permanent supportive housing for veterans experiencing homelessness.‘Our veterans deserve something better than a life on the streets,’ said Richard A. Walega, HUD New England Regional Administrator. ‘President Obama has given us very clear marching orders that, as a nation, we must end the curse of homelessness especially for those who answered their country’s call to serve.’This funding to Vermont is part of the Obama Administration’s strategy to end veteran and long-term chronic homelessness by 2015. Opening Doors: Federal Strategic Plan to Prevent and End Homelessness serves as a roadmap for how the federal government will work with state and local agreements to confront the root causes of homelessness, especially among former servicemen and women.Working closely with the White River Junction Veterans Affairs Medical Center, the Vermont State Housing Authority will target rental assistance vouchers to homeless veterans in the state.The grants announced today are part of a $75 million investment to support the needs of homeless veterans. With today’s announcement, HUD will have allocated a combined $70 million to fund 9,800 housing vouchers nationwide for 2010. The fourth and final competitive round will be announced later this year or early 2011. In addition to the rental assistance, the VA Medical Centers provide supportive services and case management to eligible homeless veterans.HUD allocates the housing vouchers to local public housing agencies, which will target them to homeless veterans based on a variety of factors, including the number of reported homeless veterans and the proximity of a local VAMC with the capacity to provide case management. Veteran Affairs case managers will also work directly with local housing agencies that are administering the HUD-VASH program to determine income eligibility and help participants find suitable housing.Veterans participating in the HUD-VASH program rent privately owned housing and generally contribute no more than 30 percent of their income toward rent. VA offers eligible homeless veterans clinical and supportive services through its medical centers across the U.S, Guam and Puerto Rico.Source: HUD. 9.28.2010HUD’s mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD is working to strengthen the housing market to bolster the economy and protect consumers; meet the need for quality affordable rental homes: utilize housing as a platform for improving quality of life; build inclusive and sustainable communities free from discrimination; and transform the way HUD does business. More information about HUD and its programs is available on the Internet at www.hud.gov(link is external) and espanol.hud.gov.last_img read more

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  • New report outlines availability of forest biomass for renewable energy in the Northeast

    first_imgOn February 17th, the Cary Institute of Ecosystem Studies will be releasing a new report on the outlook for converting forest biomass into renewable energy in the Northeast. Forest Biomass and Bioenergy: Opportunities and Constraints in the Northeastern United States details the availability of forest resources and the applications that are the most effective at reducing greenhouse gas emissions and foreign oil dependence while promoting rural economies.Join experts for a discussion about how biomass energy can be used to help the Northeast work toward a renewable energy future. Also learn about existing pressures on forests, regions that show the potential for forest biomass energy growth, and the need to manage forests for multiple uses, including carbon sequestration and wildlife protection.The discussion will be open format. The states outlined in the report include Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island, and Vermont.WHAT:Experts discuss new report outlining the future of forest biomass energy in the NortheastWHEN:Thursday, February 17 at 10 a.m. ESTWHO:Charles Canham , Forest Ecologist and Senior Scientist, Cary Institute of Ecosystem StudiesThomas Buchholz , Gund Institute for Ecological Economics, University of VermontSteven Hamburg , Chief Scientist, Environmental Defense FundWilliam Schlesinger , President and Biogeochemist, Cary Institute of Ecosystem StudiesWHERE:Dial ( 800 ) 920- 6941The Cary Institute of Ecosystem Studies is a private, not-for-profit environmental research and education organization in Millbrook, N.Y. For more than twenty-five years, Cary Institute scientists have been investigating the complex interactions that govern the natural world. Their objective findings lead to more effective policy decisions and increased environmental literacy. Focal areas include air and water pollution, climate change, invasive species, and the ecological dimensions of infectious disease. Learn more at www.caryinstitute.org(link is external).SOURCE Cary Institute of Ecosystem Studies MILLBROOK, N.Y., Feb. 15, 2011 /PRNewswire/ —last_img read more

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  • Vermont doctors split on ‘single-payer,’ support ‘death with dignity’

    first_imgState Representative George Till (D-Jericho) today released the results of the 2011 Vermont Physician Legislative Survey. The survey results indicate that physicians themselves are split on “single-payer” insurance, but that many specialists would consider leaving the state if it were instituted. This may be because of compensation, where the survey shows that Vermont would be a more attractive place to practice if reimbursement rates were higher. The survey respondents favored physician-assisted suicide legislation. They also overwhelmingly supported “no fault” malpractice insurance and believed that it would make Vermont a more attractive place to practice. Till conducted the survey with a Departmental faculty support grant from the University of Vermont School of Medicine. This survey is the first of its kind, in that it was offered to all active licensed physicians in the state of Vermont and was not conducted by a governmental agency. Survey invitations were sent to 1,686 licensed physicians, and approximately 610 physicians (36 percent) completed the on-line survey.The survey asked 25 questions. Thirty-seven percent (37 percent) of the respondents self-identified as primary care physicians. The respondents ranged in age from 29 years to 81 years old.Below are the results sorted by all physicians first, followed by primary care physicians only and then specialty care physicians. Text responses to open ended questions follow.SELECTED FINDINGS Health Care Reform 1) Although physicians are evenly split in support (44.2%) and opposition (45.6%) to a ‘single payer’ health care system, 28.4% of respondents say they are likely to stop practicing in Vermont should a ‘single payer’ system be initiated;. 53.4% say they would not be likely to stop practicing here and 18.1% were neutral. 2) Among specialists 37% say they are likely to stop practicing in Vermont whereas among primary care physicians the number was 13.9%. 3) Physician opinion that a ‘no fault’ medical compensation system as opposed to the current malpractice system would make Vermont a more attractive place to practice was 73.1%; 5.3% disagree; and 21.6% were neutral. 4) 64.6% of respondents favor a ‘public option’ for health insurance to compete with private insurers. Physician Assisted Suicide/ Death with Dignity 1) Given the protections in the current proposal, 58.8% of physician respondents overall favor passage of legislation allowing Physician Assisted Suicide/Death with Dignity. 2) Overall 22.1% of physicians would be ‘likely to participate’ in the program.3) Among primary care physicians, 61.5% favor passage and 34.1% would be ‘likely to participate.’4) 13% of respondents thought there were additional protections for physicians or patients that should be included. Consumption taxes 1) There is strong physician support for a 1 penny per ounce excise tax on sugar sweetened beverages (71.7%). 2) There is strong support for a similar tax on ‘junk food’ (65.5%). Primary Care workforce issues 1) Increasing reimbursements to primary care physicians was considered the most important tool to correct Vermont’s shortage (73.8%). 2) Specifically among primary care physicians, 81.1% consider increased reimbursement to be the most important factor in attracting and retaining more primary care physicians. 3) The two factors considered next most important were increased loan repayment programs and reducing paperwork.  The entire survey and results along with individual comments can be viewed at: georgetill.comlast_img read more

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  • Sanders to FCC: Let Vermont regulate cable TV

    first_imgUS Senator Bernie Sanders today asked the Federal Communications Commission to let Vermont regulate basic cable television rates which increased in the state last year by an average of almost 10 percent. Sanders asked the FCC to reconsider a determination that satellite providers, such as DirectTV Inc. and DISH Network, provide ‘effective competition’ to cable. Recognizing that satellite and cable are not genuine competitors could clear the way for the state to regulate so-called basic cable and force Comcast to justify rate increases.Comcast’s cable rates continue to rise in Vermont. At the end of 2009, just two of Comcast’s 10 Vermont service areas charged more than $20 a month for comparable basic cable packages. One year later, at the end of 2010, Comcast was charging more than $20 a month in six of its 10 service areas. Even as monthly prices for basic cable rose by at least 10 percent in four Vermont service areas, the number of channels offered to Comcast’s basic cable customers in those areas decreased.‘Comcast has at least 113,000 subscribers in Vermont,’ Sanders wrote to the FCC. ‘Many of these are captive customers, and for this reason, Comcast has been able to raise its rates again and again without justification.’The Vermont Public Service Board cannot regulate even the lowest tier of programming because of the FCC determination that satellite service is an effective competitor to cable networks. In fact, however, satellite is not available to all Vermonters because of the mountainous terrain. Satellite service in many instances does not offer local programming or public channels, which serve as a source of information and news for local communities throughout Vermont. ‘It is no wonder, then, that supposed competition from satellite has failed to hold down Comcast’s rate,’ Sanders wrote.The average rate increase for Comcast’s basic cable packages in Vermont from 2009 to 2010 was $2.14 a month. The highest price increase was $3.25 a month’ a 28 percent increase ‘ to $15 a month for the area serving communities in the Lake Champlain Islands. The highest prices paid by Vermonters for Comcast’s basic cable was $22.35 a month. Hartford, Hartland, Norwich and Pomfret, the area which paid the highest price for Comcast’s basic cable service, saw prices increase $2 month, or 10 percent, from 2009 to 2010.WASHINGTON, May 24, 2011last_img read more

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