Category: Government Finance
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Beware the Bonds
Sweet Briar College had many problems, most notably a high tuition and shrinking enrollment, but the kiss of death was a high debt load. The small women’s college, which announced its intention to close earlier this year, had issued millions of dollars in bonds to pay for such projects as a Village Green that provided eco-friendly…
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Dave Brat’s Bizarre Statements
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in Business and Economy, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Resilience, Science & Technology, Social Services and Entitlements, Taxes, TransportationBy Peter Galuszka Almost a year ago, Dave Brat, an obscure economics professor at Randolph- Macon College, made national headlines when he defeated Eric Cantor, the powerful House Majority Leader, in the 7th District Republican primary. Brat’s victory was regarded as a sensation since it showed how the GOP was splintered between Main Street traditionalists…
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Beware Stalling Growth in Northern Virginia
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in Business and Economy, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Science & Technology, Social Services and Entitlements, Taxes, TransportationBy Peter Galuszka For at least a half a century, Fairfax County, Alexandria and Arlington County have been a growth engine that that has reshaped how things are in the Greater Washington area as well as the Old Dominion. But now, apparently for the first time ever, these Northern Virginia localities have stopped growing, according…
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Amateur Hour at the General Assembly
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in Business and Economy, Demographics, Economic development, Education (higher ed), Education (K-12), Electoral process, Entrepreneurs and Innovation, Environment, Government Finance, Government workers and pensions, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Property rights, Race and Race Relations, Regulations, Gov’t Oversight, Resilience, Science & Technology, Social Services and Entitlements, TaxesBy Peter Galuszka If you are an ordinary Virginian with deep concerns about how the General Assembly passes laws that impact you greatly, you are pretty much out of luck. That’s the conclusion of a study by Transparency Virginia, an informal coalition of non-profit public interest groups in a report released this week. Their findings …
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Pulp and Circumstance in Chesterfield
By Peter Galuszka Jim Bacon has a fascinating cover story about the future of Short Pump in the latest Henrico Monthly magazine. Not to be outdone, I humbly point out that I have a cover story in the Chesterfield Monthly, a sister publication. I explain how Chesterfield County, the state and other officials landed Shandong…
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NRDC Says Clean Power Plan Benefits Virginia
By Peter Galuszka In a sweeping contradiction of the positions of Dominion Virginia Power and assorted politicians and regulators, the Natural Resources Defense Council has issued a report saying that Virginia will benefit by following a proposed federal plan to cut carbon dioxide. The U.S. Environmental Protection Administration has put forth a proposed plan for comment…
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Double Take: Politically Motivated Pensions Investments Do What?
State pension plans that manage their own U.S. equity investments tilt their portfolios to stocks located within their state. Amazingly enough, the in-state stocks tend to outperform the overall stock holdings “by a wide margin,” conclude the authors of “The In-State Equity Bias of State Pension Plans,” published by the National Bureau of Economic Research. The reason,…
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A New, Improved Ken Cuccinelli?
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in Business and Economy, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Gun rights, Health Care, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, UncategorizedBy Peter Galuszka Is one-time conservative firebrand Ken Cuccinelli undergoing a makeover? The hard line former Virginia attorney general who lost a bitter gubernatorial race to Terry McAuliffe in 2013 is now helping run an oyster farm and sounding warning alarms about a rising police state. This is remarkable switch from the man who battled…
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The General Assembly STILL Doesn’t Get It
By Peter Galuszka Gov. Terry McAuliffe is right to amend the latest ethics bill to close a loophole that would have allowed legislators to collect $99.99 worth of gifts every day of the year. After all the uproar over the Bob McDonnell scandal, one would think that the General Assembly would have the sense and…
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Cruz, “Liberty” and Teletubbies
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in Business and Economy, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Entrepreneurs and Innovation, Environment, Federal issues, Government Finance, Government workers and pensions, Gun rights, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, LGBQT, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Race and Race Relations, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, TransportationBy Peter Galuszka Where’s the “Liberty” in Liberty University? The Christian school founded by the controversial televangelist Jerry Falwell required students under threat of a $10 “fine” and other punishments to attend a “convocation” Monday where hard-right U.S. Sen. Ted Cruz announced his candidacy for president. Thus, Liberty produced a throng of people, some 10,000…
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Carbon Cuts: Why PJM Has a Better Idea
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in Business and Economy, Courts and law, Demographics, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Federal issues, Government Finance, Infrastructure, Labor and Workforce, Media, Money in politics, Planning, Politics, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Water-waste waterBy Peter Galuszka Amidst all the gnashing of teeth in Virginia about complying with proposed federal carbon dioxide rules, there seems to be one very large part of the debate that’s missing. Several recent analytical reports explore using regional, carbon marketplaces to help comply with proposed federal Clean Power Plan rules that would cut carbon…
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Why Clean Energy Will Be Cheaper
By Peter Galuszka The Sturm und Drang to which utility executives, coal companies and politicians have subjected Virginians as they oppose President Barack Obama’s Clean Power Plan to reduce carbon emissions has always been a deliberate distraction from what’s really happening. According to them and their confederates at the State Corporation Commission and the state…
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Turning 62: Take the Social Security and Run?
by James A. Bacon I turn 62 years old today, and one of the few perks of advancing age is the prospect of collecting Social Security. I, like thousands of other Baby Boomers who turn 62 every day, face the decision whether to start pocketing Social Security now, wait until full retirement at 66 or…
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Dominion Resources Is on a Tear
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in Business and Economy, Consumer Protection, Courts and law, Demographics, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Federal issues, Government Finance, Labor and Workforce, Land use & Development, Money in politics, Planning, Politics, Property rights, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, UncategorizedBy Peter Galuszka Dominion Resources has been on a tear recently. It’s been muscling through a dubious law in the General Assembly that would allow it to avoid State Corporation Commission rate audits for six years. And, it has been throwing its weight around in less populated sections of the state. It is suing to…
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Boomergeddon Watch: Debt Visible and Invisible
by James A. Bacon Now that the United States has driven down its annual budget deficit to less than $500 billion a year, there is a widespread temptation to think that we’re out of the fiscal woods. By some fiscal measures, actually, we are performing better than a lot of other countries. I found this…