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Date Posted: 07:55:40 02/26/03 Wed
Author: .
Subject: Dean and fiscal dicipline

Governor Dean imposed strict fiscal discipline that led the state out of an inherited $60 million deficit. He cut the income tax three times, removed the sales tax on most clothing and shoes to help working families, and reduced the state's long-term debt. In 1991 Vermont had the lowest bond rating in New England. Today Vermont has the highest rating in New England, AA+. Since 1996 under Governor Dean's leadership Vermont's per capita debt has dropped by 23 percent.

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