Department of Taxes Commissioner Craig Bolio is stepping down after over five years in the role, with Gov. Phil Scott appointing Bill Shouldice to replace him. Shouldice, formerly the president and CEO of The Vermont Teddy Bear Company and the secretary of the Agency of Commerce and Community Development, is set to take over on Feb. 18. The move comes as Vermonters discuss high taxes and state spending, with Scott’s budget proposal aiming to reduce taxes by $13.5 million and eliminate projected property tax increases. Shouldice expressed gratitude for taking over a well-run department and emphasized the importance of creating a stable and affordable state for current and future generations. Scott commended Shouldice’s leadership experience in both the private sector and government, believing it will be an asset to the Tax Department as they work towards making Vermont more affordable. The Governor’s office was unavailable for further comment at the time of the announcement. This transition in leadership marks a significant change in Vermont’s tax administration landscape, with Shouldice poised to bring fresh perspectives and strategies to the role of tax commissioner.
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