Vermont economy second to last

Vermont's economy is ranked 49th out of the 50 states, according to a study by the American Legislative Exchange Council. The study said, “High personal income and property taxes, along with some of the highest labor costs in America all hurt Vermont's economic outlook." The study did give the state good grades for its relatively low sales tax burden and quality legal system. Two of Vermont's neighbors had a better economic outlook with New Hampshire placing 37 and Massachusetts 26. New York was 50. Last year, the organization ranked Vermont last among the 50 states.