MONTPELIER — Economists told Vermont legislative leaders and Gov. Phil Scott that state revenues and forecasts have remained relatively level despite the uncertainty and tumult generated by President Donald Trump and his administration.

Tariffs and federal budget cuts dominated the conversation at Thursday’s meeting of the Emergency Board, composed of Scott and four state House and Senate committee chairs in charge of the state’s budget and financial policy.

Overall, state economists increased their expectations for the state’s coffers by about 2%, driven by higher than expected income tax revenues. Vermont’s Transportation Fund, which pays for roads and bridges, was downgraded by just over 2%.

The relatively cheery outlook took some at the meeting by surprise, given the news coming out

See Full Page