Vermont Public Radio reports that "there are new signs that an economic slowdown has hit the state of Vermont." According to the state's revenue report for May, "virtually every important source of revenue showed a decline last month. For instance, revenues from the personal income tax were down almost 13 percent; receipts from the sales tax were down just over six percent; the property transfer tax was also down about 6 percent and the motor vehicle purchase and use tax was down 4 percent." In addition, the state will likely "have to downgrade its projections for transportation-related taxes next month." Mike Smith, Administration Secretary, said there is some good news: "The state's General Fund is likely to record a small surplus at the end of June because the state economy was in pretty good shape during the first half of the year."

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