Appendix 3

Table 5a

Vermont General Fund Revenues
1975-1995
Adjusted to Inflation
Constant 1995 Dollars

Revenues (FY)

State and Local Price Deflator

GF

Sales

Corporate

Rooms & Meals

Income

Total Excise

Property Transfer

Other Taxes and Revenue (Including Prop. Trans.)

1975

0.388

$382.55

$68.35

$25.57

$19.56

$142.11

$53.30

$1.44

$73.66

1980

0.568

$384.67

$71.90

$39.49

$24.07

$146.44

$39.38

$3.04

$63.38

1985

0.742

$508.15

$118.53

$45.49

$38.11

$195.62

$36.12

$5.61

$74.29

1990

0.881

$641.34

$154.40

$29.13

$54.06

$284.79

$29.13

$7.99

$89.83

1995

$659.84

$173.64

$45.28

$58.95

$250.28

$27.33

$13.32

$104.35

% Change

1975-1980

0.55%

5.20%

54.45%

23.03%

3.05%

-26.11%

111.11%

-13.95%

1980-1985

32.10%

64.85%

15.18%

58.36%

33.58%

-8.29%

84.54%

17.20%

1985-1990

26.21%

30.26%

-35.97%

41.85%

45.58%

-19.36%

42.42%

20.92%

1990-1995

2.88%

12.46%

55.46%

9.04%

-12.12%

-6.17%

66.71%

16.16%

1975-1985

32.8%

73.4%

77.9%

94.8%

37.7%

-32.2%

289.6%

0.8%

1985-1995

29.9%

46.5%

-0.5%

54.7%

27.9%

-24.3%

137.4%

40.5%

1975-1995

72.5%

154.0%

77.1%

201.4%

76.1%

-48.7%

825.0%

41.7%

Annual % Change

1975-1980

0.1%

1.0%

9.1%

4.2%

0.6%

-5.9%

16.1%

-3.0%

1980-1985

5.7%

10.5%

2.9%

9.6%

6.0%

-1.7%

13.0%

3.2%

1985-1990

4.8%

5.4%

-8.5%

7.2%

7.8%

-4.2%

7.3%

3.9%

1990-1995

0.6%

2.4%

9.2%

1.7%

-2.6%

-1.3%

10.8%

3.0%

1975-1985

2.9%

5.7%

5.9%

6.9%

3.2%

-3.8%

14.6%

0.1%

1985-1995

2.6%

3.9%

-0.0%

4.5%

2.5%

-2.7%

9.0%

3.5%

1975-1995

2.8%

4.8%

2.9%

5.7%

2.9%

-3.3%

11.8%

1.8%

Notes:
($ In Millions)
Inflation adjustment uses implicit price deflator for state and local governments indexed to 1995, Bureau of Economic Analysis, Survey of Current Business, Jan./Feb. 1996.
Source: State of Vermont Comprehensive Annual Financial Reports

Vermont General Fund Revenues 1975-1995 *Adjusted to Inflation* *Constant 1995 Dollars*
Revenues (FY)	State and Local Price Deflator	GF	Sales	Corporate	Rooms & Meals	Income	Total Excise	Property Transfer	Other Taxes and Revenue (Including Prop. Trans.)

1975	0.388	$382.55	$68.35	$25.57	$19.56	$142.11	$53.30	$1.44	$73.66
1980	0.568	$384.67	$71.90	$39.49	$24.07	$146.44	$39.38	$3.04	$63.38
1985	0.742	$508.15	$118.53	$45.49	$38.11	$195.62	$36.12	$5.61	$74.29
1990	0.881	$641.34	$154.40	$29.13	$54.06	$284.79	$29.13	$7.99	$89.83
1995		$659.84	$173.64	$45.28	$58.95	$250.28	$27.33	$13.32	$104.35

% Change
1975-1980		0.55%	5.20%	54.45%	23.03%	3.05%	-26.11%	111.11%	-13.95%
1980-1985		32.10%	64.85%	15.18%	58.36%	33.58%	-8.29%	84.54%	17.20%
1985-1990		26.21%	30.26%	-35.97%	41.85%	45.58%	-19.36%	42.42%	20.92%
1990-1995		2.88%	12.46%	55.46%	9.04%	-12.12%	-6.17%	66.71%	16.16%

1975-1985		32.8%	73.4%	77.9%	94.8%	37.7%	-32.2%	289.6%	0.8%
1985-1995		29.9%	46.5%	-0.5%	54.7%	27.9%	-24.3%	137.4%	40.5%

1975-1995		72.5%	154.0%	77.1%	201.4%	76.1%	-48.7%	825.0%	41.7%

Annual % Change
1975-1980		0.1%	1.0%	9.1%	4.2%	0.6%	-5.9%	16.1%	-3.0%
1980-1985		5.7%	10.5%	2.9%	9.6%	6.0%	-1.7%	13.0%	3.2%
1985-1990		4.8%	5.4%	-8.5%	7.2%	7.8%	-4.2%	7.3%	3.9%
1990-1995		0.6%	2.4%	9.2%	1.7%	-2.6%	-1.3%	10.8%	3.0%

1975-1985		2.9%	5.7%	5.9%	6.9%	3.2%	-3.8%	14.6%	0.1%
1985-1995		2.6%	3.9%	-0.0%	4.5%	2.5%	-2.7%	9.0%	3.5%

1975-1995		2.8%	4.8%	2.9%	5.7%	2.9%	-3.3%	11.8%	1.8%