Category: Government Finance
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The Camel in the Tent
In 2022, the General Assembly disregarded two long-standing principles of funding transportation projects in the Commonwealth. Republican Gov. Youngkin followed down that path this year. The General Assembly has dedicated sources of revenue to be used for transportation, with general government functions being financed by general income and sales taxes and other special funds. The…
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Virginia Budget Amendment Could Lead to Lawsuits Seeking Many Inmates’ Release
from Liberty Unyielding On February 22, Virginia’s progressive House of Delegates removed language from the state’s proposed budget that limited early releases of inmates who committed both violent and non-violent offenses. It removed that language in a 53-to-44 vote, then passed the House’s version of the state budget by a 75-to-24 vote. If the final…
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A Veto-Proof Local Tax Hike Nearly Approved
By Steve Haner A bill likely to produce $1.6 billion or more in local sales tax increases is moving through the General Assembly with enough bipartisan votes to block any veto from the Governor, but differences remain between the House of Delegates and Senate versions.
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Democrats Lose Concerns About Taxing the Poor
By Steve Haner A piece of Republican Governor Glenn Youngkin’s tax package has survived after all, but only the part that increases the sales tax base to collect about $1 billion or so more per year from citizens. Democrats who recently complained that sales tax increases were unfair to the poor are suddenly embracing them. …
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The Case for an RVA Meals Tax Amnesty
by Jon Baliles Today we are posting a special edition featuring an email from former restaurateur Brad Hemp that he recently sent to City Council about the meals tax fiasco you have probably heard about as a result of seven years of neglect at City Hall. The Mayor raised the meals tax in 2018 to…
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Boomergeddon Countdown: Ten Years… Nine…
by James A. Bacon The last time the United States had a serious conversation about deficit spending and the accumulating national debt was in 2010 with the publication of the Simpson-Bowles study. (That’s about the same time I wrote Boomergeddon, predicting that the United States had 20 to 30 years before the fiscal wheels fell…
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But It’s Just a Little Bit of Money
by Dick Hall-Sizemore Ben Cline, the Commonwealth’s Republican member of the U.S House of Representatives from the 6th District, is very upset about the level of federal spending and the state of the federal deficit. Cline is chairman of the Republican Study Committee’s Budget and Spending Task Force. In a press release last year, he…
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Serious Tax Reform Addressing a Serious Problem
By Chris Braunlich The American linguist Yogi Berra once said of a New York City restaurant: “Nobody goes there anymore. It’s too crowded.” Overcrowding, however, isn’t what motivates a move to a state (or from a state). Those decisions are inspired by robust economic activity, jobs for residents, and a pathway for each generation to…
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There’s Gold in Them Thar Hills!
by Dick Hall-Sizemore As staff members of the General Assembly start looking to “find” money in Gov. Youngkin’s proposed budget bill that can be used to fund priorities of their committee members (and they will be looking—that is a major part of their jobs during the Session), a good place to look would be capital…
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The Mailman Did It
by Jon Baliles They say bad news comes in threes, and this week is no exception for news from the City of Richmond’s Finance Department. This week wasn’t just raining; it has been a monsoon when it comes to sloppy administrative work, penalties, interest, and deflecting blame. Madison McNamee with NBC12 filed a story last…
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Subsidizing a Billionaire
by Dick Hall-Sizemore If approved by the General Assembly and the City of Alexandria, the deal reached between Gov. Glenn Youngkin and the owner of the Washington Wizards and the Washington Capitals for those teams to move from Washington, D.C. to the Potomac Yards site in Alexandria would constitute the largest public subsidy for a…
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Sorry, Senator. Zalenskyy is No George Washington
by Kerry Dougherty Tim Kaine jumped the shark. Get a load of the nonsense this United States Senator – from VIRGINIA – Tweeted on Tuesday: President Zelenskyy spoke to the Senate today about the critical role of American support for Ukrainian democracy. He stood beneath a portrait of George Washington, who helped birth an America…
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Does UVa Need to Charge Higher Tuition to Keep Pay Competitive?
by James A. Bacon The Ryan administration notched up two big wins in the University of Virginia Board of Visitors meeting Thursday and Friday. It pushed through 3% tuition increases for the next two academic years and it framed the budgetary debate to its advantage. Rather than engaging in a wide-ranging discussion of how UVa…
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Governor’s Chronic Absenteeism Task Force – Part Three – Vital New State Roles
By James C. Sherlock I have found in 18 years of reporting on education in the Commonwealth that each school, each school division and each region is to some degree its own ecosystem. Taking the example of chronic absenteeism, an individualized assessment of causes could be attempted: if a single school‘s chronic absenteeism can be…
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Virginia Set to Help Taxpayers for a Change
from The Republican Standard Good news for Virginia taxpayers. In the coming weeks, several hundred dollars are heading back into the pockets of eligible Virginians. Up to $400 per household will be heading to mailboxes and bank accounts across the Commonwealth thanks to a surplus in the state budget recently signed by Governor Glenn Youngkin.…