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SEVEN DAYS Profile of Beth
She’s one of Vermont’s top-ranked officials, but that doesn’t mean you’ve heard of her. You’ve certainly never cast a vote for her.
Plucked out of political obscurity in December 2010 to serve as state treasurer, Beth Pearce has spent the past year and a half adjusting to a few new roles: state banker, boss, politician. This year she’s adjusting to yet another one: candidate for election.
Vt. launches new financial literacy program
MONTPELIER, Vt.—Officials from Vermont’s Champlain College are joining state government leaders and financial industry executives to call for better training in Vermont high schools on financial literacy.
State Treasurer Beth Pearce, Champlain College President David Finney and others held a news conference at the Statehouse on Friday to announce that about $270,000 had been raised so far to support the effort, beginning with a study of how effective financial education offered in high schools is now.
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Vermont Treasurer Pearce says state bond sale saves $5.4 million
Keen interest in buying Vermont bonds and record low interest rates has resulted in the State paying the lowest borrowing costs on record in decades. In addition, the $69 million refunding portion of this week’s bond sale will generate $5.4 million in budget savings over the next 13 years.
“In a very diverse sale of four different bond offerings totaling $132 million, the State averaged a true interest cost of just 2.11 percent,” said State Treasurer Beth Pearce. “We had originally planned a two-day sale period for the Citizen Bonds and the Refunding Bonds, but interest was so great the sale was completed in just one day. The quality of our highly rated bonds allowed us to pay less in borrowing costs, which translates into further fiscal savings for Vermont taxpayers.”
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State Scores Top Bond Ratings, Despite Irene Setbacks
VPR’s Neal Charnoff reports:
(Host) The state of Vermont has once again received high ratings from the three major investor services.
Moody’s Investor Services, Fitch Ratings and Standard & Poor’s have reaffirmed their previous assessments, giving Vermont the highest general obligation bond ratings of all the New England States.
The agencies cited Vermont’s strong financial management and conservative debt management among the reasons for the state’s ranking.
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Statehouse Conversations with Rep. Obuchowski
In the midst of a busy week, Beth stopped by the Falls Area Community TV studio to chat with Rep. Mike Obuchowski to discuss State Bonds, Financial Literacy, early distribution of Town Funds to aid Irene recovery efforts, and Unclaimed Property. You can watch the video here.
