BRIDGE is Open!

The new bridge on Crown Point Road near the Sunderland Farm is OPEN!  The construction was completed over a week ahead of schedule.  Enjoy our strong and safe new bridge this Labor Day weekend.  Thank you to all who were patient during construction and to the members of the construction crew!

 

3 trees planted on Town Green

3 maple trees were planted today on the Town Green. The 5 stumps remaining from last year are scheduled to be ground out shortly. The new flagpole and Bridport sign that were installed last summer look great. The Masonic/Community Hall, the Hearse House and the Town Highway Department salt shed are scheduled to be repainted this summer.

Bridport is Greened Up and looking good!

 

3/7/2018 Representative Harvey Smith says...

This is a copy of the ways and means proposal that I presented at town meeting. If you post it on your town website just make it clear that this is a draft proposal and most likely it will change before it passes out of the house.

Thanks
Rep. Harvey Smith


H.911 House Ways & Means Proposal
Changes to Personal Income Tax and Education Finance System
March 1, 2018

• Income Tax Changes
o Reduces state tax burden on Vermonters who are adversely impacted by the change in Federal Tax Law ($30 million returned to Vermonters)
o Lowers taxes for Vermonters:
• Lowers all income tax rates by 0.2% and collapses top two income tax brackets
• Creates a VT Standard Deduction, equal to $6,000 for single filers and $12,000 for married couples
• Creates a Vermont Personal Exemption equal to $4,150 per exemption
• Expands the Vermont Earned Income Tax Credit, from 32% of the Federal EITC to 35%
• Creates a 5% tax credit for the total amount of charitable contributions up to $10,000. Taxpayers who contribute up to $10,000 will be eligible for a $500 tax credit
o Provides tax relief to Vermonters receiving Social Security benefits
• Taxable Social Security benefits below $45,000 for single filers and below $60,000 for married filers will be 100% exempt from State income tax


• Education Finance System Changes
o Adds a School Income Tax Surcharge, built upon the reformed income tax system
• Rates are 0.1% of lowest bracket, 0.5% for middle brackets, and 1% on highest income brackets
• Raises approximately $59 million for education
o Uses the $59 million to reduce average homestead property tax rates (on both property and income) from projected FY19 rates (average reduction of $0.15)
o Cost containment: future tax rates will rise faster for all spenders
o Non-residential property tax rate: stays at current law = $1.591
o Homeowner rebate: split into two components: education and municipal
o Renter Rebate: maintained and transferred to GF
o Separates municipal and education tax bills
o GF transfer to EF repealed in a revenue neutral way
• Dedicates to the EF: 100% of sales tax and 25% of rooms and meals
• Transfers adult education, flexible pathways, community high school of VT, renter rebate to GF ($21.5 million)
o Repeals excess spending penalty
VT LEG #330907 v.1


 

3/7/2018 Town Meeting Day & Election Results

The 2018 Town Warning articles all passed.  The 2018 budget was approved. The result for the contested seat on the Town Select Board was; 127 - David Bronson vs. 91 - Bruce Stocker. It was a lively Town Meeting which included a Q&A by Harvey Smith, awards for Leonard Barrett and Earl Audet and a delicious lunch from Pratt's.  The Town Report was dedicated to H. Kent Wright III.