Appendix 3

Table 9

Selected Vermont General Fund Taxes

1% of Revenues 1975-1995

Adjusted to Inflation
Constant 1995 Dollars
($ In Millions)

Year CPI Sales Tax Rooms & Meals Income (CY)


1% Revenue Rate 1% Revenue Rate 1% Revenue Rate








1975 0.353 $25.05 3% $4.30 5% $5.78 27.25%
1980 0.541 $25.16 3% $5.05 5% $7.30 23%
1985 0.706 $31.14 4% $6.68 6% $7.95 26.5%
1990 0.858 $39.64 4% $7.64 7% (10% liquor) $10.09 28%
1995
$34.73 5% $8.14 7% (10% liquor) $9.56 25%








% Change






1975-1980
0.44%
17.44%
26.30%
1980-1985
23.77%
32.28%
8.90%
1985-1990
27.30%
14.37%
26.92%
1990-1995
-12.39%
6.54%
-5.25%








1975-1985
24.3%
55.3%
37.5%
1985-1995
11.5%
21.9%
20.3%








1975-1995
38.6%
89.3%
65.4%








Annual % Change






1975-1980
0.1%
3.3%
4.8%
1980-1985
4.4%
5.8%
1.7%
1985-1990
4.9%
2.7%
4.9%
1990-1995
-2.6%
1.3%
-1.1%








1975-1985
2.2%
4.5%
3.2%
1985-1995
1.1%
2.0%
1.9%








1975-1995
1.6%
3.2%
2.5%








Notes:
See Appendix 3, Table 11 for total revenue figures
Inflation adjustment uses US CPI indexed to 1995
Source for sales tax and rooms and meals tax information - State of Vermont Comprehensive Annual Financial Reports
Source for income tax information- VT Tax Dept. statistics
Fiscal year data used for sales tax and rooms and meals tax revenues. Because of income tax rate changes midway through the fiscal year, calendar-year data used for income tax revenues. Calendar-year revenues do not include revenues such as back taxes and audits.