Author: Steve Haner
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Hurricanes: Dominion’s Big Bet With Our Money
By David Wojick My regular readers know that I have been fussing about the threat of hurricanes destroying proposed Atlantic coast offshore wind arrays. The issue arises because the offshore wind industry is based in Europe, which does not get hurricanes. My focus has been Dominion’s massive project off Virginia, but the whole East Coast…
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This Year the VRS “Diet COLA” Will Really Hurt
by Steve Haner The most recent year-over-year inflation measure approached 9%, with many key food or energy items growing in cost even faster. The official inflation estimate just used to increase the state’s gasoline taxes as of July 1 was 7%. So what inflation factor will be used to adjust state and local employee pensions…
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Youngkin Now All-In on Offshore Wind
by Steve Haner Governor Glenn Youngkin’s media spokesperson has told the Associated Press that not only is he committed to the current Dominion Energy Virginia offshore wind project, now under State Corporation Commission review, he is also willing to consider additional turbines off Virginia’s coast. The Republican had campaigned a year ago expressing concerns for…
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Dropping? Nope, Gas Tax Now Rises July 1
by Steve Haner Virginia’s gasoline and diesel taxes will rise 7% on July 1, about three more cents per gallon when all the elements of the tax are combined. This is the inflation-driven cost of living adjustment which Governor Glenn Youngkin (R) and most legislative Republicans tried to short circuit, but which was preserved by…
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California Proposing More EV Rules for Virginia
by Steve Haner Virginia’s auto industry overlords in California have a new set of proposed mandates for both electric and internal combustion vehicles which, once adopted, will automatically apply here in the Commonwealth. They do not advance the date for banning the sale of new gasoline and diesel vehicles earlier than 2035 but do increase…
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Update: Richmond Could Still Close Gas Works
by Steve Haner The Senate of Virginia, after long avoiding a vote, has now approved a bill that would require a Virginia local government to try to sell its municipal natural gas utility before simply closing it. The watered down conference report was all that remained of a more robust bill protecting the natural gas…
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Only Part of the Gas Tax Would Be Suspended
by Steve Haner The gas tax in Virginia today is 33.8 cents per gallon and the diesel tax is 34.7 cents per gallon. The fresh proposal from Governor Glenn Youngkin (R) for a 90-day suspension of those taxes does not eliminate Virginia’s full fuel tax bite. The oft-ignored wholesale tax will remain while only the…
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Fuel Costs Explode on Dominion Bills in July
by Steve Haner Are you enjoying paying more for gasoline? Have you noticed how that works its way through and inflates the price of just about everything else you buy? The other shoe drops in July when Dominion Energy Virginia increases its prices to reflect the rising cost of fuel. It will also spread more…
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You Just Paid More RGGI Tax, Virginians
by Steve Haner Last week Virginia collected another $76 million in carbon tax dollars through the ongoing Regional Greenhouse Gas Initiative allowance auction. That was the sixth such sale since Virginia joined RGGI, and the state’s total tax take is now $378 million in 18 months. Do not for one minute allow yourself to be…
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School Choice Tax Credits Reduced in New Budget
by Steve Haner The famous phrase about no one’s life, liberty or property being safe while the legislature sits probably arose after somebody got burned by an out-of-control conference committee. It just happened again to Virginia’s private schools, who had a popular scholarship tax credit program chopped Wednesday. The Education Improvement Scholarship Tax Credit (EISTC)…
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Sales Tax On Groceries With Us Through Christmas
by Steve Haner Everybody eats. With all the money sloshing around the Virginia treasury for the General Assembly to play with, it is hard to see the logic in continuing the state sales tax on groceries an additional six months, delaying that particular tax cut until January 1. The inflation on everything at the grocery…
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Progress: Standard Deduction Up 166% since 2018
by Steve Haner First published today by the Thomas Jefferson Institute for Public Policy. Do not be surprised if, by the time the next Virginia General Assembly elections roll around, the Democrats who are now complaining about the level of tax relief in the pending budget compromise switch positions, and campaign as champions of the…
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What the Wind Project Costs You and Who Pays
by Steve Haner If the project goes as planned, the consumer cost for Dominion Energy Virginia’s offshore wind installation will rapidly rise to a peak in 2027 and then descend annually over the following 20 years. If it produces power for 30 years, in the final phase the revenue related to the project will exceed…
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Miyares Wins Partial Transparency Victory
by Steve Haner Attorney General Jason Miyares (R) was partially successful in his efforts to challenge much of the secrecy shielding key data in Dominion Energy Virginia’s application to build its planned offshore wind facility, with some useful precedents set for the future. Just before the hearings on the application began last week, a State…
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Youngkin Endorses Dominion Wind Project
by Steve Haner Republican Governor Glenn Youngkin’s administration has filed a letter with the State Corporation Commission asking the regulators to approve the Dominion Energy Virginia application to build a 176-turbine Coastal Virginia Offshore Wind (CVOW) project. The letter was on Department of Energy letterhead and signed by that agency’s director, John Warren, a holdover…