Category: Business and Economy
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Fairness + Accountability = Thriving City
by Jon Baliles The city of Richmond seems to be trying to plug all of the holes in its boat, also known as the U.S.S. Meals Tax Fiasco, that has been taking on water for months. It seems that the city is finally wiping out the erroneous meals tax payments and interest they had charged…
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Congress Values Names More Than Housing for Service Members
by Donald Smith “Removing the last vestiges of Confederate history from the U.S. military, including renaming nine Army posts, will cost more than $62 million, a congressional commission said Tuesday.” That quote is from Alex Horton’s Washington Post article on the recommendations of the Naming Commission, dated September 13th, 2022. “For the base names,” wrote Horton, “the changes will…
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Give Me this Kind of Accountability
by Dick Hall-Sizemore Frequently, some commenters on this blog complain about politicians not being accountable and hold up the private sector as a model for accountability. (For purposes of this discussion, we will ignore the fact that politicians have to go before the voters periodically and get reelected.) Here is a recent example of accountability…
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Freebees Aren’t Free
by Kerry Dougherty I can’t be the only Virginia Beach taxpayer sick of watching my real estate taxes climb every year while the city council wastes money on pricey gimmicks like “free” Tesla rides for residents and visitors to the city. For two years we’ve picked up the tab for a small fleet of Teslas…
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Ready for Taxes on Netflix, NFL Sunday Ticket?
By Steve Haner After a month of unproductive political theater, Virginia’s leaders will finally sit down like adults and negotiate the budget. Better late than never. The message is “everything is back on the table,” which leaves the door wide open for the tax increase central to the Democrat’s demands. That deserves a quick no. At…
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Diamonds Aren’t Forever
by Jon Baliles The entire saga of the development of the Diamond District project in Richmond has come full circle in the last 18 months, as Mayor Levar Stoney, desperate for an economic development win after the failure of his Navy Hill boondoggle and two failed casino referendums, has rounded the bases trying to get…
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Will Democrats Shut Down State Over Tax Hike?
By Steve Haner The fight that is about to occur at the Assembly’s reconvened session on Wednesday is entirely about taxes, not about spending. An analysis of Governor Glenn Youngkin’s proposed compromise budget – done by the Democrats’ favorite financial bean counters, not by conservatives – confirms his budget comes extremely close to the spending…
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Utilities Will Gamble on Nukes With Your $$$
By Steve Haner Standing firm against raising taxes is a fine thing, but it would help if Virginia’s leaders also stopped using people’s electricity bills to fund rent-seeking energy speculations. Governor Glenn Youngkin (R) has tweaked, but not vetoed, pending bills that allow both of Virginia’s investor-owned utilities to charge ratepayers for power plants that…
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Fighting Over the Check at the Green Power Cafe
By Steve Haner New power plants are pretty useless unless they are connected by new power lines. The debate over who pays for those tall towers and miles of cable can be just as divisive as the fight over who pays for a proposed nuclear plant or offshore wind turbines. Bottom line, of course, the…
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Jefferson Institute’s Hit List Bills Mostly Gone
By Derrick Max Monday was not just the near total solar eclipse in Virginia, but also the deadline for Governor Glenn Youngkin (R) to act on the budget and the remaining bills on his desk. As our Steve Haner wrote, in “Governor’s Budget Compromise Eclipses Fears of Stalemate,” we are generally positive about the approximately…
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Youngkin Kicks the Can Down the Road on Affirmative Action
by Jock Yellott By partisan votes, the Democrat controlled General Assembly presented Republican Governor Youngkin with HB 1404, mandating affirmative action in Virginia government contracts. Bacon’s Rebellion published a piece that listed the bill as a veto candidate. One of those that would “have the greatest negative economic impact on the Commonwealth.” But instead…
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Compromise Budget Can Eclipse Stalemate
By Steve Haner Governor Glenn Youngkin (R) is offering a compromise on the disputed state budget that gives Virginia’s Democratic legislators most of the spending they were initially demanding, especially for local schools and early childhood education. The Governor is also offering a quick path to a resolution that avoids additional months of budget stalemate…
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Will Consumers Come First in VCEA Review?
By Steve Haner “If we always keep as our focus what is best for consumers, in getting them reliable power for the least cost, then I think that’s the main guidepost we ought to follow.” That was Federal Energy Regulatory Commissioner Mark Christie’s opening quote on a PBS broadcast on energy issues due to air…
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Dominion Program to Bury Lines Halfway to Goal
By Steve Haner Just over a decade ago, Dominion Energy Virginia announced plans to spend about $1.75 billion of its ratepayers’ dollars on a program to bury about 4,000 miles of its residential service lines underground. As of the end of last year, the tally was just over 2,000 miles buried at a total cost…
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Proposed Tax for Leave Pay Guaranteed to Grow
By Derrick Max Sitting on Governor Glenn Youngkin’s desk is a paid family and medical leave bill that would provide eight weeks of paid leave per year for most employees in the Commonwealth. The program would pay employees 80 percent of their weekly salary up to an amount equal to 80 percent of the regional…