Economics & Economy

Economics & Economy
5:07 pm
Thu February 12, 2015

Budget Day at the General Assembly

Credit File Photo

Both the House of Delegates and Virginia Senate today overwhelmingly approved their respective versions of the state’s spending plan.  Budget day at the Virginia State Capitol typically reveals how lawmakers really feel about the state of the Commonwealth and how dire things are.

A lot weighs heavily on the House budget, and Appropriations Chair Chris Jones insists that it has much of what Virginia needs-including pay raises for state employees, teachers, and state police, and no cuts to K-12 education.

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Piedmont CASA
11:58 am
Tue February 10, 2015

Poverty Simulation: Living Close to the Edge

Credit Piedmont Court Appointed Special Advocates

Sixteen percent of children in Virginia live in poverty, and one in four families is considered working poor.  They’re in contact with teachers and principals, social workers and psychologists, and in some cases, police and judges, but those professionals may not understand what it means to be poor.

Families with two kids who earn less than $24,000 a year fall below the poverty line, and with that comes some unique challenges.  Alicia Lenahan is president of Piedmont CASA, a group that advocates for abused and neglected children in court.

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Downtown Roanoke Office Building to Close
1:24 pm
Wed January 28, 2015

Norfolk Southern Jobs Move to Norfolk or Atlanta

Downtown Roanoke
Credit Norfolk Southern Corporation

Norfolk Southern is closing its office building in downtown Roanoke, affecting 500 employees. 

Norfolk Southern Spokesman Robin Chapman says employees were informed Tuesday morning. .

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In Debt and Out of Options
6:39 am
Tue December 30, 2014

Buena Vista: A City in Trouble

The City of Buena Vista has a loan payment due on January 15, a payment it does not intend to make. What will happen after that is unknown at present but one possible result is that local government officials and the police department will receive eviction notices. A look at a financial crisis in this Blue Ridge city of 7,000 residents that's been in the making for more than a decade. 

       

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Economic Diversity
12:30 pm
Tue December 16, 2014

Reducing Reliance on Federal Funds

Richmond, VA
Credit Creative Commons, Flickr

Governor McAuliffe says when he addresses lawmakers about the state's budget this week, he intends to talk about his new economic development package.

His initiative includes legislative proposals that the governor says are necessary to reduce the Commonwealth’s reliance on federal dollars.

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