Category: Government Finance
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The Strange Story of Health Diagnostic Laboratory
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in Business and Economy, Consumer Protection, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Federal issues, Government Finance, Health Care, Insurance, Labor and Workforce, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Social Services and EntitlementsBy Peter Galuszka The biggest problem facing the health care industry in Virginia and the rest of the country isn’t Obamacare or the lack of new medical discoveries. It the lack of transparency that hides what is really going on with pricing tests, drugs and hospital and doctors’ fees. Big Insurance and Big and Small…
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Medical Crush
by James A. Bacon One day historians will look back upon the healthcare debate in the United States and marvel at how oblivious the politicians, lobbyists and pundits were to the massively disruptive changes to come. Congress battling over Obamacare and Virginia legislators grappling over Medicaid expansion will appear to future generations like so many dinosaurs hunting…
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Interview: McAuliffe’s Economic Goals
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in Business and Economy, Demographics, Economic development, Energy, Environment, Federal issues, Government Finance, Health Care, Housing, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Transportation, Uncategorized, Water-waste waterBy Peter Galuszka For a glimpse of where the administration of Gov. Terry McAuliffe is heading, here’s an interview I did with Maurice Jones, the secretary of commerce and trade that was published in Richmond’s Style Weekly. Jones, a graduate of Hampden-Sydney College and University of Virginia law, is a former Rhodes Scholar who had…
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Yes, Boomergeddon Still on Track
by James A. Bacon President Barack Obama seemed pretty darned impressed with his economic and fiscal stewardship of the United States during his State of the Union speech last night. “We’ve seen the fastest economic growth in over a decade, our deficits cut by two-thirds, a stock market that has doubled, and health care inflation…
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Potomac Yard Metro: a Financing Model for Mass Transit
by James A. Bacon The state will help finance a new Metro station in Alexandria through a $50 million loan from the Virginia Transportation Infrastructure Bank approved by the Commonwealth Transportation Board earlier this week. The loan is a key piece of financing for the station, which is expected to cost between $209 million and $268…
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A Positive Alternative to Payday Lenders
by James A. Bacon It’s understandable that people get upset with payday loan companies. The short-term lenders, who use borrowers’ paychecks as collateral, charge interest rates that seem extortionate on an annualized basis. Many borrowers get caught on a treadmill of indebtedness, taking out new loans to pay off the old ones. The problem with most…
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Takeaways From Bob McDonnell’s Sentencing
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in Business and Economy, Courts and law, Crime, Corrections, Law Enforcement, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, Environment, Federal issues, Government Finance, Government workers and pensions, Immigration, Infrastructure, Insurance, Labor and Workforce, Land use & Development, Media, Money in politics, Planning, Politics, Property rights, Regulations, Gov’t Oversight, Social Services and Entitlements, UncategorizedBy Peter Galuszka The outpouring of support for convicted former Gov. Robert F. McDonnell was overwhelming at his sentencing hearing yesterday at which he was told that he will serve two years in a federal penitentiary. And this very support stands in marked contrast to McDonnell’s performance on the witness stand during his marathon trial…
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Virginia’s Top Stories in 2014
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in Business and Economy, Children and Families, Consumer Protection, Courts and law, Crime, Corrections, Law Enforcement, Demographics, Disasters and Disaster Preparedness, Economic development, Education (higher ed), Education (K-12), Electoral process, Energy, 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, Transportation, Water-waste waterBy Peter Galuszka The Year 2014 was quite eventful if unsettling. It represented some major turning points for the Old Dominion. Here are my picks for the top stories: Robert F. McDonnell becomes the highest-ranking former or serving state official to be convicted of corruption. The six-week-long trial from July to September of the Republican…
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Easy Savings: LED Street Lights
by James A. Bacon Installing LEDs in street lights may be no panacea for municipal budget woes, but the payback is so high that one can’t help but wonder why every local government in Virginia isn’t doing it. It’s heartening to heart that Virginia Beach, Virginia’s most populous city, is taking the plunge. Well, dipping its…
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Learning from Buena Vista’s Golf Course Default
by James A. Bacon In 2005 the City of Buena Vista in the Shenandoah Valley issued $9.2 million in bonds to pay for construction of the Vista Links golf course. To obtain financing, the city purchased insurance for $400,000 and pledged the golf course, police station and municipal building as collateral. The city made its debt…
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McAuliffe Goal: Take a Closer Look at Incentives
by James A. Bacon Governor Terry McAuliffe’s great gift is salesmanship. He approaches the job of Virginia’s chief economic development officer with great enthusiasm, and he loves to wheel and deal. It’s not surprising, then, that his new strategic plan, “New Virginia Economy,” calls for an increase in the Governor’s Opportunity Fund to keep it “competitive with…
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Big Energy’s Conspiracy with Attorneys General
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in Business and Economy, Consumer Protection, Courts and law, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Federal issues, Government Finance, Infrastructure, Labor and Workforce, Land use & Development, Media, Money in politics, Planning, Politics, Poverty & income gap, Property rights, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Transportation, Uncategorized, Water-waste waterBy Peter Galuszka What seems to be strong opposition to a host of initiatives by President Barack Obama and the U.S. Environmental Protection Agency to curtail carbon and other forms of pollution is no mere coincidence. According to a deeply reported story in Sunday’s New York Times, some state attorneys general, most of them Republicans,…
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Suddenly, It’s Raining Gas Projects and Tax Breaks
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in Business and Economy, Consumer Protection, Demographics, Disasters and Disaster Preparedness, Economic development, Energy, Environment, Federal issues, Government Finance, Infrastructure, Labor and Workforce, Land use & Development, Media, Money in politics, Planning, Politics, Property rights, Public safety & health, Regulations, Gov’t Oversight, Science & Technology, Social Services and Entitlements, Taxes, Transportation, Uncategorized, Water-waste waterBy Peter Galuszka Suddenly it seems to be raining natural gas pipelines and snowing millions of dollars in tax breaks and incentives for rich electric utilities. Dominion Resources, the powerful and politically well-connected Richmond-based utility, apparently is getting $30 million in public money from the Virginia Tobacco Indemnification and Revitalization Commission without apparently asking for…
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Dominion’s Strange Tobacco Money
By Peter Galuszka Dominion Resources, the powerful, Richmond-based utility with $13 billion in revenues, has strangely been getting $30 million public funds to bring a natural gas pipeline to a new generating plant in Brunswick County. Odder still (or maybe not so) the public funds are coming from the GOP-controlled Virginia Tobacco Indemnification and Community…
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Arlington Scraps Streetcar Projects
by James A. Bacon Arlington County’s surprise decision yesterday to cancel proposed streetcar projects for Columbia Pike and Crystal City should not be seen as a rejection of the concept of streetcars but a rejection of the funding mechanism chosen by the board that asked taxpayers to bear the fiscal risks while property owners enjoyed the…