Governor, lawmakers make peace over $4.7 billion budget

first_imgUnlike last year when Vermont Governor Jim Douglas vetoed the budget the Legislature handed him, only to have lawmakers override his veto in a special session in June, the 2011 $4.7 billion budget was signed by the governor in May, with praise coming from him and his former antagonists.“The economic upheaval Vermonters have experienced has contributed to serious troubles in our state’s fiscal situation.  But despite these challenges, we can feel good about the work done here, under the Golden Dome, in 2010,” Douglas said in his adjournment address. “While other states are cutting programs and raising taxes in response to the fiscal crisis, Vermont, I am proud to say, is moving in a different direction.  We are looking toward the future and striving for economic success.”Speaker of the House Shap Smith had similar sentiments: “Vermonters can be proud of the work the legislature did this year under very difficult circumstances. The Legislature, working with the administration, put in place policies that will create new jobs and restore our state’s fiscal health while avoiding devastating cuts and new broad-based taxes.”Both sides early on agreed that the bitterness from last year had to be set aside this year in order to resolve what turned out to be a $170 million budget shortfall in the usually contentious $1.08 billion General Fund budget. That potential deficit included $113.2 in federal stimulus money.The hole was filled in large and small ways. Large: $38.9 million in Human Services, between cuts and a $12 million tax increase on hospitals, nursing homes and home health agencies; $37.8 million in Challenges for Change, by making government more efficient, many have wondered whether this will actually be achieved; $16.97 in state retirement savings ($15.2 million from teachers); $13.3 million in forgiven Medicaid expenses; $9.27 million in pay and benefit cuts from state workers negotiated last year with the administration; many millions transferred from other budgets, as insurance fees or Medicaid reimbursements for special education, and other monies moved around to and from other budgets, but not from new revenues or cuts. Small: Several items including $1.1 million expanding the tobacco tax, $5 million in a carryover from FY 2010, and $1.1 million in greater tax enforcement.The Legislature not only balanced the budget, it did not raise broad-based taxes and instead made cuts to the capital gains and estate taxes, which were raised last year. It was those taxes that more than anything prompted the governor’s veto last year.Having said all that, Vermont will face perhaps a dire situaton next year. As of now, there is no federal stimulus money earmarked for states. While it is possible, even likely, that Congress and the Obama Administration will renew its budget-relief effort for states, which is effectively a federal tax cut, Vermont cannot assume that it will be forthcoming. As things stand now, Vermont faces a looming $122 million General Fund deficit next year (fiscal 2012). As economic conditions change, that number could swing considerably for the better or worse.last_img read more

Conor McGregor vs. Cowboy purse, salaries: How much money will they make at UFC 246?

first_imgMeanwhile, Cerrone is coming off back-to-back losses against Justin Gaethje in September and Tony Ferguson in June — both by TKO — perhaps signaling that McGregor will have even more pressure on him to dole out a similar result.This fight being so important to McGregor is also reflected in his pay. Here’s a guide to everything you need to know about the McGregor vs. Cerrone purse, each fighter’s net worth and their records entering the bout.Join DAZN and watch more than 100 fight nights a year (Getty Images) https://images.daznservices.com/di/library/sporting_news/c/3f/mcgregor-cerrone-getty-011819-ftrjpg_s0o60y2tuyvm1xtfx1cqwhdpv.jpg?t=-1168100153&w=500&quality=80 The stakes are always high when Conor McGregor steps into the Octagon. Saturday night will be no different, as McGregor makes his return against Donald Cerrone in the main event of UFC 246 at the T-Mobile Arena in Las Vegas.McGregor lost his last time out via a fourth-round submission to Khabib Nurmagomedov in October of 2018. Prior to that, the last time he tasted victory was way back in November of 2016, when he rocked Eddie Alvarez with a second-round TKO. McGregor vs. Cerrone fight purse, prize moneyMcGregor will earn at least a $3 million purse for headlining the main event of UFC 246 against Donald Cerrone, as reported by ESPN. However, when speaking with ESPN’s Ariel Helwani earlier in the week, McGregor predicted that his total earnings from the event will swell up to an estimated $80 million. He told ESPN that he earned an estimated $50 million for his fight against Nurmagomedov.Meanwhile, Cerrone will pocket $200,000 just to show up and enter the Octagon and could gain another $200,000 with a victory, per ESPN.What is Conor McGregor’s net worth?According to CelebrityNetWorth.com, McGregor’s net worth is listed as $120 million, and that’s not including what he stands to make in his main event against Cerrone. McGregor also ranked No. 21 on the Forbes list of the world’s highest-paid athletes for 2019. Forbes additionally reported that McGregor earned around $100 million for his August 2017 fight against Floyd Mayweather Jr.With subsequent fights this year plus his Proper No. Twelve Irish Whiskey, August McGregor Clothing and multimillion-dollar deal with Reebok, McGregor could drive up his net worth significantly in 2020. What is Donald Cerrone’s net worth?In nearly 15 years as a pro, Cerrone has amassed a net worth of $9 million, according to CelebrityNetWorth.com. Conor McGregor’s career recordIn 25 professional fights, McGregor stands at 21-4, having defeated the likes of Eddie Alvarez, Nate Diaz, Jose Aldo, Dustin Poirier and Max Holloway. His four losses have come against Nurmagomedov and Diaz in the UFC and Joseph Duffy and Artemij Sitenkov prior to joining the company. McGregor avenged his March 2016 submission loss to Diaz by beating him via majority decision just over five months later.Donald Cerrone’s career recordCerrone joined the UFC in February of 2011 and has totaled the most wins in the company’s history. Through the years, Cerrone (36-13, 1 no-contest) has registered wins over Al Iaquinta, Alexander Hernandez, Mike Perry, Eddie Alvarez and Edson Barboza. Will his 51st pro fight be his most memorable?last_img read more