{"id":965874,"date":"2026-07-29T02:48:23","date_gmt":"2026-07-29T02:48:23","guid":{"rendered":"https:\/\/www.europesays.com\/us\/965874\/"},"modified":"2026-07-29T02:48:23","modified_gmt":"2026-07-29T02:48:23","slug":"vermont-revenues-holding-steady-as-economists-warn-of-ai-driven-market-risks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/965874\/","title":{"rendered":"Vermont revenues holding steady as economists warn of AI-driven market risks"},"content":{"rendered":"<p class=\"text | article-text\">MONTPELIER, Vt. (WCAX) &#8211; State economists told a <a href=\"https:\/\/aoa.vermont.gov\/sites\/aoa\/files\/2026-07-28%20E%20Board%20BINDER%20-%20Final.pdf\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/aoa.vermont.gov\/sites\/aoa\/files\/2026-07-28%20E%20Board%20BINDER%20-%20Final.pdf\">panel of top lawmakers and the governor<\/a> Tuesday that Vermont\u2019s economy is still humming along, but its continued health is dependent on the outcome of emerging technologies.<\/p>\n<p class=\"text | article-text\">Vermont tax revenues are right on track, and Vermont is able to pay its bills, but there is a considerable amount of risk under the surface. Economists say artificial intelligence\u2019s multi-billion dollar explosion is fueling about 75% of the stock market\u2019s growth. And that\u2019s continuing to fuel spending, especially among high earners.<\/p>\n<p class=\"text | article-text\">\u201cIt\u2019s a big bet, and the whole country is in on this bet,\u201d Tom Kavet, Vermont\u2019s legislative economist.<\/p>\n<p class=\"text | article-text\">\u201cThe big question is if, and if so when, will the capacity of the economy to absorb what\u2019s going on run out,\u201d said State Economist Jeff Carr.<\/p>\n<p class=\"text | article-text\">Gov. Phil Scott, whose administration will use this economic forecast to build a budget proposal for next year, is leery that AI is getting ahead of us. He says Congress needs to better regulate it to make sure there won\u2019t be an economic crash if the AI bubble pops.<\/p>\n<p class=\"text | article-text\">\u201cThat\u2019s something that keeps me up at night,\u201d Scott said. \u201cWhere are we going with AI and how much are we going to let it keep dominating everything?\u201d<\/p>\n<p class=\"text | article-text\">Across all state funds, economists are expecting steady growth of just over 1%. But they say there are some other weaknesses in the economy, including the mass deportation of immigrant workers, increased prices from tariffs, and inflationary pressures from the war in Iran.<\/p>\n<p class=\"text | article-text\">Democrats, who control a majority in the Legislature, say budget writers will need to take a measured approach.<\/p>\n<p class=\"text | article-text\">\u201cI started saying last year, I started saying the year before, we have to be careful about how we spend our money and make sure we spend it as wisely as we can,\u201d said Rep. Robin Scheu, D-Middlebury.<\/p>\n<p class=\"text | article-text\">This is the last state economic forecast until the legislative session kicks off in January, when there will also be a newly elected Legislature.<\/p>\n<p>Copyright 2026 WCAX. All rights reserved.<\/p>\n","protected":false},"excerpt":{"rendered":"MONTPELIER, Vt. (WCAX) &#8211; State economists told a panel of top lawmakers and the governor Tuesday that Vermont\u2019s&hellip;\n","protected":false},"author":3,"featured_media":965875,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[691,64,25065,79,1599,50,67,132,68,2742,41707,47139],"class_list":["post-965874","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-ai","tag-business","tag-economic","tag-economy","tag-forecast","tag-news","tag-united-states","tag-unitedstates","tag-us","tag-vermont","tag-vt","tag-wcax"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117000988948963574","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/965874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=965874"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/965874\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/965875"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=965874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=965874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=965874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}