Many Vermont towns supporting public bank idea
Supporters argue that instead of keeping its money on large global banking institutions, the state could save money, create jobs and eventually generate revenue by creating a state bank.
The proposal would turn the Vermont Economic Development Authority, a nonprofit agency that makes loans, into a bank. A bill pending in the Legislature would put 10 percent of the state's funds into it.
Vermont Public Radio reports according to unofficial results, towns that approved the resolution include: Bakersfield, Craftsbury, Enosburg, Marshfield, Montgomery, Montpelier Plainfield, Putney, Randolph, Rochester, Royalton, Ryegate, Tunbridge, Warren, and Waitsfield.
Four towns voted down the measure: Marlboro, Barnet and Fayston and Greensboro.
TALK TO US
If you'd like to leave a comment (or a tip or a question) about this story with the editors, please email us. We also welcome letters to the editor for publication; you can do that by filling out our letters form and submitting it to the newsroom.