Vermont can put deposits of state tax revenue to use in ways that tilt the economic playing field back toward Main Street businesses, our community banks, and long-term job growth. The proposed state bank study (S. 204, H. 542) will help Vermont design an institution—like the successful Bank of North Dakota—that generates new revenue for Vermont, saves local governments money, and makes our small businesses, farms and consumers less vulnerable to cutbacks in lending in our state.
