While other states with a high military presence brace for the effects of sequestration, Virginia leaders are preparing for a double whammy with the possibility of another Base Realignment and Closure of key facilities.
Lawmakers in the region are divided over a measure to give more flexibility to the FAA while leaving strict spending requirements in place for other parts of the government.
Airport delays caused by the sequester may soon be a thing of the past. The legislation gives the FAA flexibility so air traffic controllers can get back to work.
Critics say those budget cuts only impact a small minority of the public, like business people and lawmakers themselves, while other parts of sequestration are hitting more vulnerable populations, like low income school children.
The Chair of the Virginia Housing Commission says the future of public housing will be the panel’s primary focus for this year, as thousands of the Commonwealth’s children, families, and veterans could be homeless within months—as a result of sequestration.
U.S. Department of Housing and Urban Development Deputy Secretary Maurice Jones says federal sequestration has resulted in 5% reductions in nearly all of HUD's programs—and that translates to the non-renewal of homeless assistance grants and vouchers to more than 125,000 individuals:
In the last 20 years, Virginia’s manufacturing sector has declined by 46%.
Given the fierce competition worldwide to attract businesses, state lawmakers are examining whether it makes sense to restructure the Commonwealth’s state and local tax system to remove financial hurdles to doing business here.