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Bond downgrade will cost Vermont

DECEMBER 17, 2018 | by Andrew Abbott, David Flemming | VERMONTBIZ

“… In addition to Vermont’s unfunded pension benefits, according to a recent Truth in Accounting report, the state has accumulated $3.2 billion in bond debt and $3 billion in unfunded retiree health care benefits. This total debt of $8.3 billion, given the state’s $3.7 billion in assets, amounts to more than $20,000 for each Vermont taxpayer.” 

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