Thursday, May 23 2013 9:08 PM EDT2013-05-24 01:08:29 GMT
A staple atop Church Street in downtown Burlington is gone. We told you the fountain was being removed last month. Church Street Marketplace leaders say it was too expensive to run and blocked foot traffic.More >>
A staple atop Church Street in downtown Burlington is gone.More >>
Thursday, May 23 2013 9:01 PM EDT2013-05-24 01:01:37 GMT
If you're approached by a Vermont State Trooper, there's one thing you may not see, a tattoo. That's because for six years the department hasn't allowed visible ink.But VSP Captain David Notte saysMore >>
Vermont State Police say it's considering changing its tattoo policy, to get more recruits. Right now you can't have any visible tattoos, but that could soon change.More >>
Thursday, May 23 2013 6:54 PM EDT2013-05-23 22:54:33 GMT
Yesterday's quick downpour is leaving long-term damage to Burlington roads and businesses. So much so it has the Department of Public Works looking closely at making some major repairs to the entire system. TheMore >>
Yesterday's quick downpour is leaving long-term damage to Burlington roads and businesses.More >>
Thursday, May 23 2013 6:24 PM EDT2013-05-23 22:24:21 GMT
Undocumented immigrants in Vermont won a huge battle in the state legislature this year that will eventually give them the chance to earn driver's licenses. That includes Jose Norman. "I've been hereMore >>
The new law won't take effect until January 2014.More >>
Thursday, May 23 2013 2:51 PM EDT2013-05-23 18:51:07 GMT
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt. According to the Shelburne Fire Department, something in the back of a Casella Waste truck caught fire. TheMore >>
Crews are responding to a garbage truck that caught fire off Shelburne Road in Shelburne, Vt.More >>
Thursday, May 23 2013 2:04 PM EDT2013-05-23 18:04:40 GMT
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state. According to the legislation HB573, it would allow patients with cancer, glaucoma, positive status forMore >>
The N.H. Senate is expected to take up a bill Thursday to legalize medical marijuana in the state.More >>
Thursday, May 23 2013 12:34 PM EDT2013-05-23 16:34:26 GMT
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.FOX44 and ABC22 reporter Michael Page says they haven't found anythingMore >>
The Essex Fire Department and Vermont Gas are currently investigating the smell of propane at the Edge Fitness Center in Essex, Vt.More >>
Thursday, May 23 2013 12:22 PM EDT2013-05-23 16:22:39 GMT
The annual Spring Move Out Project in Burlington Thursday. The project allows you to get rid of unwanted, but still usable household goods. You can bring clothes, books, furniture, household items, andMore >>
The annual Spring Move Out Project is being held in Burlington Thursday.More >>
Thursday, May 23 2013 10:40 AM EDT2013-05-23 14:40:21 GMT
If you're planning on traveling this holiday weekend, you're not alone. According to AAA, more than 30 million Americans will be on the roadways. On average, they'll also be driving at least 50 miles forMore >>
If you're planning on traveling this holiday weekend, you're not alone.More >>
Thursday, May 23 2013 9:31 AM EDT2013-05-23 13:31:51 GMT
Each year between 5 and 7 million animals enter a shelter. Purina Cat Chow is trying to offset some of those costs. The company is donating $200,000 to 50 shelters and that's where you come in. A quickMore >>
Each year between 5 and 7 million animals enter a shelter. Purina Cat Chow is trying to offset some of those costs. More >>
BURLINGTON, Vt. -
Burlington Mayor Miro Weinberger has proposed a new Fiscal Stability Bond to help ease the city's money problem.
He says paying off the $9-million bond would require increasing property taxes. The city council approved putting the bond issue on the November ballot.
"The city's finances are in rough shape," says Weinberger. "We have been downgraded by Moody's to the edge of junk bond status."
Weinberger blames a lack of cash, partly because of money woes at Burlington Telecom.
Right now, the city pays it mounting bills with short-term, high-interest loans, like using a credit card. The mayor wants to cut the credit card and take out basically a long-term loan.
Weinberger says the city pays a $500,000 a year in interest on loans. He says that could double, if the city's credit rating drops further down.
"We can't let that happen," says Weinberger.
That's why Weinberger says he has proposed a long-term loan, called a Fiscal Stability Bond, to help pay the bills, eventually save money, and hopefully improve the credit rating.
The bond would be for $9-million and would cost a person with a $250,000 home an extra $60 a year, for 15 years.
"I think Burlingtonians know we have a problem. They know the way the city's finances were run in recent years created a serious problem. They know something needs to be done about it," says Weinberger.
The mayor calls the bond the first, key step to fix the money problems and reassures people that none of the money will be spent on BT.
Mayor Proposes Tax Hike to Help Burlington's Money ProblemsMore>>