Category: Business and Economy
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Energy Outcome Cloudy as Adjournment Looms
by Steve Haner With adjournment less than a week away, the 2023 General Assembly is a mixed bag for electricity consumers, with the Assembly seeming to release control to regulators in some areas but continuing to assert its tight control in others. Dominion Energy Virginia’s legislation to sweeten its authorized profit margin, which will not…
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RVA 5×5: Needed Resources for Human Resources
by Jon Baliles Last week we had a story about a glut of open positions at Richmond’s City Hall and the difficulty in filling them. Lo and behold, the Richmond Free Press this week put out an article about the struggle to fill positions as the department responsible for filling those positions (Human Resources, aka…
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Petersburg Seeks State Funding for Projects Linked to Public Health and the Appomattox River
by James C. Sherlock While all of the attention in the state press has been on Petersburg’s proposed casino, the estimable Bill Atkinson of the Petersburg Progress-Index provided insight into other Petersburg requests to the General Assembly for budget amendments. Badly needed infrastructure projects and a tourism initiative are each tied to the health of…
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Something Is in the Water
by Joe Fitzgerald Those aren’t wood chips or bark in the cow pasture. David Foster Wallace tells the story of two young fish swimming along when an older, wiser fish swims past and asks, “How’s the water?” One of the young fish looks at the other and asks, “What’s water?” Absurdity is the water that…
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No Better Time to Instill Financial Literacy in Black and Brown Virginian Youth
by Sherifah Munis Racial systemic inequalities have recently been brought to the forefront of our national conscience, shedding light on the centuries of policies that have disadvantaged Black and Brown Americans’ ability to build, maintain, and pass on wealth. A striking 2019 statistic shows that the median family wealth (the difference between gross assets and…
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Why the Agitation Over Chinese Acquisition of Virginia Farmland?
by James A. Bacon Look, I consider myself a China hawk. I detest the communist regime, I consider China a threat to the global order, I think the U.S. should commit to defend Taiwan, and I support measures to crack down on China’s cyber theft and unfair trade practices. But there’s one thing I don’t…
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Child and Adolescent Mental Health and Virginia Public Schools – Dangerous Children’s Services Act Changes Proposed
by James C. Sherlock One of the key elements of state and local efforts to support children with behavioral health, educational disabilities, and other challenges is the Children’s Services Act (CSA) (the Act). In education, its primary role has been paying for placement of children and youth with educational disabilities into private special education schools (PSES).…
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Strange Bedfellows Unite Against Dominion Bill
by Steve Haner Battles over utility ratemaking can produce some “strange bedfellow” coalitions. Check out the list of advocacy organizations which have banded together to oppose Dominion Energy Virginia’s pending bill to mandate a higher profit margin. The list appeared in a full page advertisement in the Sunday Richmond Times-Dispatch and can also be found…
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Dominion’s Ads Deceive About Ratepayer Impact
by Steve Haner Dominion Energy Virginia has launched a major advertising campaign advocating legislation to increase its allowed profit margin, with ads focused on a deceptive message that the bill will actually lower costs for consumers. It will not. The print version of the campaign, which can be seen in a full page ad in…
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Focus on the Standard Deduction, QBI Deduction
We have seen this before in Virginia and here we go again: the classic conflict between tax cuts for the many versus more government spending for a few. The Republican-dominated House of Delegates has passed a series of broad tax reductions, while the Democratic-dominated Virginia Senate has killed its versions of the same bills. Last…
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Roller Coaster Casino Ride
by Jon Baliles The road to a casino in the General Assembly is on a roller coaster ride that is careening down the hill and likely to jump the tracks at any minute. Last week alone, the bill that would allow a casino referendum in Petersburg and block a second one in Richmond until Petersburg…
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Push to Return Federal Workers to Offices – Monsoon or Squall in Northern Virginia
By James C. Sherlock The federal government has for nearly three years been paying very expensive leases for D.C area office buildings that are virtually empty. COVID emergency. Or was. Now it is a battle between the comfort of federal employees with working from wherever they can get a good network connection vs. actually showing…
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Youngkin Thwarts Dominion Push for Higher Profit
by Steve Haner A Virginia House of Delegates committee has rebuffed Dominion Energy Virginia’s bid to change the rules on how much profit it can earn, setting up a confrontation with the utility and its allies in the Virginia Senate. Governor Glenn Youngkin (R) reportedly encouraged the delegates to take the step and sent a…
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Will McDonald’s Be Leaving Virginia? Not This year, But…
by Chris Saxman I wish the headline of today’s column was just click bait. It originates from a headline that was pushed across my phone that read “Will McDonald’s be leaving California?” That immediately made me think that McDonald’s corporate offices might be considering moving their headquarters from California to another state. Given the exodus…
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Now We Will Enrich Dominion’s Creditors, Too
by Steve Haner Facing the prospect of a jaw-dropping jump in electricity prices because of fuel price hikes last year, the State Corporation Commission approved Dominion Energy Virginia’s request to defer most of those costs for future collection. The unpaid bill for fuel already burned is now about $1.5 billion, apparently, and Dominion has a…