Vermont
Does Brock Pierce live in Vermont? Answering ‘yes’ could cost the Senate candidate his Puerto Rican tax haven.
A cryptocurrency mogul’s flirtation with a U.S. Senate run in Vermont may price him a beneficiant tax decree in Puerto Rico that enables him to skip out on sure federal taxes.
Former “First Child” and “Mighty Geese” star Brock Pierce is the beneficiary of Act 22, a regulation handed on the U.S. territory in 2012 to coax the wealthy to relocate to the Caribbean island. The controversial decree gives a tax incentive seen nowhere else in the US: the power to keep up American citizenship whereas paying no taxes on passive revenue from capital beneficial properties, curiosity or dividends.
The catch? These claiming tax exemptions beneath the regulation should reside in Puerto Rico at the least 183 days a yr.
That may very well be an issue for Pierce, who filed paperwork with the Federal Election Fee in November to run as an unbiased for the seat being vacated by U.S. Sen. Patrick Leahy, D-Vt. The necessities for a Senate run are ruled by the U.S. Structure, which states that Senate candidates should be inhabitants of the state through which they’re working on the time of the election.
Pierce is main the cost to remake Puerto Rico right into a cryptocurrency utopia and has grow to be a polarizing determine on the island. After months of stress from native press, Puerto Rican officers in late Could confirmed to El Nuevo Dia, Puerto Rico’s largest newspaper, that they have been investigating whether or not Pierce had run afoul of Act 22 by shifting to Vermont.
Regardless of submitting paperwork with the FEC, Pierce has repeatedly stated that he’s nonetheless merely exploring a run for the U.S. Senate and never but dedicated to really showing on the poll. However Pierce has arrange an internet site, filmed a marketing campaign video, employed a neighborhood marketing campaign supervisor and loaned practically $600,000 of his personal cash to bankroll the marketing campaign.
It seems he has additionally bought a $3.4 million mansion in Shelburne. An organization included in San Juan, Puerto Rico, referred to as “Victory Get together LLC,” purchased a 16-acre property there in January. Registration paperwork filed with the Vermont Secretary of State’s Workplace for the LLC checklist a contact e-mail tackle that hyperlinks to Percival Capital, the funding arm of Pierce’s household agency. A mailbox outdoors the property is labeled “PIERCE.”
The home is listed as a second house, not a main residence, in keeping with the Shelburne city clerk’s workplace.
Pierce’s marketing campaign has been evasive concerning the former baby star’s residency standing.
As lately as Could 18, his marketing campaign web site implied that he now lived within the state. “Brock’s imaginative and prescient for the longer term and appreciation for the atmosphere introduced him to construct a life together with his spouse Crystal and his youngsters in Vermont,” it acknowledged on the time, in keeping with variations of the location archived on the Wayback Machine. That line has since been scrubbed.
Pierce marketing campaign supervisor Ben Kinsley sidestepped a query about whether or not the would-be candidate lives within the state, telling VTDigger in an e-mail that Pierce “owns a house in Vermont the place he spends time together with his household.” Pressed as as to if this meant he had established residency, Kinsley would solely say that Pierce hadn’t but made up his thoughts whether or not he could be on the poll come November.
“If and when Brock decides to run we can be completely happy to deal with any questions alongside these strains,” he wrote.
Riley Robinson contributed to this report.
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Vermont
Vermont expected to get light snow Saturday. Here’s the forecast
Wintry weather spreads across the South
Significant snow and icy precipitation are moving from Texas to the Carolinas.
Following a week of cold temperatures and harsh winds, this weekend will see light snow across New England, including Vermont.
While the snow is expected to cover the entire state of Vermont, this weekend’s snowfall will be calm, with no strong winds to create a storm and only a small amount of accumulation.
Here’s what to know about the timing, location and effects of Saturday’s snowfall in Vermont.
Where in VT will it snow Saturday?
According to the National Weather Service (NWS) of Burlington, light snow is expected throughout the day on Saturday, with the greatest chances of snow in the morning. Most areas of the state will see one inch of snowfall, with two inches possible in the middle region of the state.
While Vermont has seen extremely strong winds over this past week, the wind is expected to die down Friday night and stay mild throughout the snow Saturday. As of right now, the NWS has not issued any hazards or warning for Saturday, as the snowfall is expected to be calm.
VT weather next week
Temperatures will stay in the 20s throughout the weekend, with slightly warmer temperatures coming in next week. Snow showers are expected overnight from Monday to Tuesday.
Vermont
Committee leadership in the Vermont Senate sees major overhaul – VTDigger
Nine of the Vermont Senate’s 11 standing committees will have new leaders this biennium and three will be helmed by Republicans, Lt. Gov. John Rodgers announced from the Senate floor Thursday afternoon.
The committee overhaul follows the retirement, death or defeat of a considerable number of veteran chairs last year — and after Republicans picked up six seats in the 30-member body in November’s election. Democrats and Progressives now hold 17 seats, while Republicans control 13.
Unlike the Vermont House, where committee positions are chosen unilaterally by the speaker, Senate assignments are doled out by a three-member panel, the Committee on Committees, which this year includes two new participants: Rodgers, a Republican, and Sen. Ginny Lyons, D-Chittenden Southeast. Senate President Pro Tempore Phil Baruth, D/P-Chittenden Central, returned to the committee.
The trio had few experienced senators from which to choose, given that — as Baruth noted in his opening remarks to the chamber Wednesday — nearly two-thirds of the Senate’s members joined the body over the past two years. Illustrating the point, newly sworn-in Sen. Seth Bongartz, D-Bennington, was tapped to chair the Senate Education Committee. (Bongartz had previously served in the House since 2021 — and had tours of duty in both the House and Senate in the 1980s.)
Perhaps the most significant appointment went to Sen. Andrew Perchlik, D/P-Washington, who will chair the powerful Senate Appropriations Committee. He succeeds Sen. Jane Kitchel, D-Caledonia, who retired after leading the budget-writing panel for 14 years.
Sen. Nader Hashim, D-Windham, will helm the Senate Judiciary Committee, following the death last June of veteran Sen. Dick Sears, D-Bennington.
The Senate Natural Resources & Energy Committee will be led by Sen. Anne Watson, D/P-Washington. Its former chair, Sen. Chris Bray, D-Addison, was defeated in November.
READ MORE
Sen. Alison Clarkson, D-Windsor, takes over the Senate Economic Development, Housing & General Affairs Committee from Sen. Kesha Ram Hinsdale, D-Chittenden Southeast. Ram Hinsdale defeated Clarkson for the role of Senate majority leader in November, requiring the former to step down from her committee leadership position and allowing the latter to step up.
The three Republicans chairing panels are Sen. Richard Westman, R-Lamoille, who will run the Senate Transportation Committee; Sen. Russ Ingalls, R-Essex, who will head the Senate Agriculture Committee; and Sen. Brian Collamore, R-Rutland, who will lead the Senate Government Operations Committee. (Republicans similarly made gains in House leadership positions this year.)
Sen. Wendy Harrison, D-Windham, takes over the Senate Institutions Committee from Ingalls, who chaired it last biennium.
The sole returning chairs are Lyons, who will continue to lead the Senate Health & Welfare Committee, and Sen. Ann Cummings, D-Washington, who will retain control of the Senate Finance Committee.
Speaking to reporters Thursday afternoon, Baruth said the Committee on Committees had intentionally sought partisan equilibrium on certain panels. The Senate Education Committee, for example, which is expected to engage in heavy lifting as lawmakers reconsider the state’s education funding scheme, includes three Democrats and three Republicans. For a bill to clear that panel, four members would have to approve.
“What I intended for that committee… to do is to put out bipartisan bills,” Baruth said of Senate Ed.
Similarly, Baruth called the composition of the tax-writing Senate Finance Committee “very centrist,” with four Democrats and three Republicans.
“They’re going to have a lot of work to do, hard work, but the one thing I want them to think — to think long and hard about — is any kind of raising taxes or fees,” Baruth said. “The only time I’m looking to do that, if it’s necessary, is if it brings down the property tax.”
Ethan Weinstein contributed reporting.
Vermont
Gov. Scott comes out swinging on education funding during inaugural address
This article will be updated.
Gov. Phil Scott proposed a sweeping overhaul of what he called Vermont’s “broken and failing” education funding and governing systems during his inaugural address Thursday.
In his first major speech since voters overwhelmingly reelected him and booted Democrats up and down the ballot from office, Scott focused on the topic that most infuriated Vermonters in November: affordability.
“When it comes to politics, I know it can be hard to admit when you’ve gone down the wrong path and need to turn around,” Scott told House and Senate lawmakers during his fifth inaugural address at the Statehouse in Montpelier. “But we’re not here to worry about egos. We’re here to do what Vermonters need. And they just sent a very clear message: They think we’re off course.”
As is typical for an inaugural speech, Scott did not delve into specifics on Thursday — the details of his plan will be unveiled later this month during his budget address.
But in the broad strokes, Scott teased a plan that would overhaul Vermont’s byzantine school governance structure and see the state assume a direct role in deciding how much districts spend.
“The bottom line is our system is out of scale and very expensive,” Scott said. “And as obvious as these challenges are, we haven’t been able to fix it.”
At the heart of Scott’s vision is a transition to a so-called foundation formula, whereby the state would calculate how much districts should spend on their schools and provide them corresponding grants.
Currently, local voters decide how much their school districts should spend when they approve or reject budgets during Town Meeting Day in the spring. Whatever the amount, the state must pay. To calculate each town’s fair share into Vermont’s more than $2 billion education fund, residential property tax rates are adjusted based on how much each district is spending per pupil.
While potentially explosive in a state where local control is jealously guarded, a foundation formula is fairly typical across the country. And in Vermont, a bill to transition over to such a system even passed the House in 2018 with Democratic support. The architect of that 2018 legislation, then-GOP Rep. Scott Beck, was just elected to the Senate and named Republican minority leader for the chamber — where he is working closely with administration officials on their education plans.
“I think what we’re going to see [from the governor] here in a couple, three weeks is something that is far beyond just education finance,” Beck said in an interview Thursday. “I think it’s going to get into governance and delivery and outcomes.”
Beck said the transition to a foundation formula would force a series of questions, including whether districts would be allowed to approve any spending beyond the state’s base foundation grant.
“And in that case, where do they get that money from? And under what conditions can they access that money?” Beck said. “There’s a myriad of decisions that go into that whole thing. None of those decisions have been made. But I think in various circles, we have committed to going down the road of building a foundation formula in Vermont.”
Beck said he expects Scott’s education proposal will also include provisions that are designed to reduce staffing in the public education system.
When Scott first took office in 2016, the state spent about $1.6 billion annually on public schools. This year, that number will exceed $2.3 billion.
Vermont schools now have one staff person for every 3.63 students, the lowest ratio in the United States. In 2018, Scott pushed hard, and unsuccessfully, for legislation that would have instituted mandatory caps on staff-to-student ratios.
“With what we’re spending, we should not be in the middle of the pack on any educational scorecard,” Scott said. “And our kids should all be at grade level in reading and math. In some grades, less than half hit that mark. While educators, administrators, parents and kids are doing their very best to make things work, the statewide system is broken and failing them.”
Inaugural and state-of-the-state speeches tend to include a laundry list of policy ideas. But Scott’s 43-minute speech was focused almost entirely on education and housing — he renewed calls to trim development regulations and to bolster funding for rehabbing dilapidated homes.
Scott only briefly discussed last summer’s floods, and made glancing mentions of public safety, climate change, and health care. The governor, who voted for Vice President Kamala Harris in November, made no mention of President-elect Donald Trump or national politics.
Seeking to highlight some successes, the governor noted that overdose and traffic fatalities have declined recently, the state has welcomed more than 1,000 refugees in the past few years, and that the state park system saw near record visitation last year.
The governor has long argued that Chittenden County is prospering at a rate disproportionate to the rest of Vermont. He intensified that rhetoric in Thursday’s speech.
“As the rest of the state struggles to catch up, they carry the same burden of increasing taxes and fees and navigate the same complicated mandates and regulations,” the governor said. “And regardless of how well-intentioned these policies are, they’re expensive and require resources that places like Burlington, Shelburne and Williston may have, but small towns like Chelsea, Lunenburg, Peacham, Plainfield — and even Rutland, Newport or Brattleboro — do not. Too many bills are passed without considering the impact on these communities.”
Early in his speech, Scott paid tribute to several veteran legislators who died in the past year, including senators Bill Doyle and Dick Sears and representatives Don Turner, Bill Keogh, and Curt McCormack. Scott choked up and was visibly emotional when his recalling “my dear friend and mentor,” Sen. Dick Mazza, who died in May.
Former Governors Peter Shumlin, Jim Douglas and Madeleine Kunin attended the speech.
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