…
State Guide14th StateEst. 1791
Vermont VT
"The Green Mountain State"
A republic before it was a state, and in some ways still. Vermont was the first to ban slavery in its constitution, the first new state to join the Union, and the home of both the nation's most famous independent socialist senator and a Republican governor who wins by landslide in one of the most liberal states in the country. Small, forested, and fiercely itself, Vermont has always done things its own way.
Vermont state finances at a glance
State Debt - FY2024
$2.7 billion
Total state government debt outstanding at the close of fiscal 2024, including long-term bonds and short-term borrowing across state agencies and public universities.
Tax Revenue - FY2024
$4.6 billion
Total Vermont state tax collections in fiscal 2024, led by the individual income tax ($1.2B), the general sales tax, and selective sales taxes on rooms, meals, and fuel.
Borrowing
Vermont holds a AAA rating and borrows only through general obligation bonds backed by its full faith and credit, sold to investors in the municipal market. A Capital Debt Affordability Advisory Committee recommends a two-year borrowing limit that the legislature has consistently followed. The state reported about $95 million in interest on its debt in fiscal 2024.
Source: U.S. Census Bureau, 2024 Annual Survey of State Government Finances.
1791
Year of statehood
650K
People, 2nd least populous state
#1
Maple syrup producer in the US
1777
Banned slavery, 14 yrs before statehood