This marks the first step in effectuating the historic legislation, which authorizes the state to recover financial damages from fossil fuel companies for the impacts of climate change to Vermont.
Treasurer Pieciak announced that Vermont’s credit ratings were affirmed by the major credit rating agencies, S&P Global Ratings (AA+), Fitch Ratings (AA+), and Moody’s (Aa1). Leveraging this fiscal strength, Pieciak and his office successfully refinanced outstanding higher-interest bonds, resulting in savings of approximately $3.7 million.
They discussed a variety of programs worth potentially hundreds of millions of dollars to Vermonters, including an uncapped Federal program that could benefit towns and non-profits. Treasurer Pieciak also highlighted his office’s new program providing low-cost capital in this space.
After a semester learning various financial topics—from budgeting and saving to investing and managing credit card debt—Ms. Poquette’s students each presented their budget and plan for the future, their final assignment for the course.
State Treasurer Mike Pieciak released a report estimating the economic impact of the April 8 total solar eclipse could range between $12.9 million and $51.8 million.
State Treasurer Mike Pieciak and Vermont Housing Finance Agency (VHFA) Executive Director Maura Collins joined local stakeholders today to announce housing investments made through the Treasurer’s 10% in VT local investment program.
