Not Bad for New England, But There's Room to Improve

Scarchilli, Michael
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p27
Trade Publication
The article provides an overview of the fiscal condition of Vermont. Fitch Ratings analyst John Ceffalio claims that the Vermont is in better shape that most other New England states when it comes to pensions and other liabilities. However, state Treasurer Jeb Spaulding claims that the teachers' pension system has been suffering due to the use of an accounting method that failed to show its annual underfunding as part of its liability.


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