Budget

Government & Politics
5:47 pm
Thu March 28, 2013

Battle Over The Debt Ceiling

The government is now funded through September, but another deadline is hanging over Congress that imperils the economy of Virginia.

The last time Congress wrangled over the debt ceiling the federal government lost its triple A credit rating. Credit rating agencies say Virginia could also lose its pristine credit rating if the federal government gets locked in partisan warfare once again.

That could make borrowing more expensive for cash strapped locales, according to Virginia Democrat Gerry Connolly.  

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Transportation
2:15 pm
Wed March 27, 2013

Virginia's Transportation Package

Governor McDonnell has proposed amendments to the transportation-funding package that was hammered out by conferees and passed by the General Assembly last month. 

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Development Rarely Pays
1:32 pm
Wed March 20, 2013

The Downside of Development

Every five years, Virginia requires cities and counties to update plans for development – how and where they’ll grow. 

Many communities assume growth is good – and some even offer tax breaks to attract new industries and businesses, but a new report by Charlottesville economist David Shreve and planning consultant Craig Evans suggests that’s not the case if new companies hire people from elsewhere. 

That’s because new residents increase the demand for public services, such as education, road construction and maintenance, public safety, water systems, sewers and so on.

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Sequestration Issue Looms
4:30 pm
Fri March 15, 2013

Lawmakers Talk Money

While there's another threat of a government shutdown on March 27 unless the U.S. Senate and Congress reach some type of compromise, members of Virginia's Congressional delegation say some progress is being made.  There's even a possibility of reducing the impacts of sequestration on Virginia.  

Three budget amendments by Senator Mark Warner were approved. They address spending transparency, duplicate reports, and the federal retiree backlog.

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Economics & Economy
9:29 am
Fri March 1, 2013

Virginia Lawmakers Weigh in on Budget Woes

Officials in Virginia are bracing for the impact of the federal budget cuts that start trickling down. Lawmakers in the commonwealth disagree about what should be done with the sequestration.

So now they’re dealing with the fallout: cuts to education, housing, healthcare, conservation programs – the list is seemingly endless. Virginia Democratic Senator Tim Kaine says many federal workers and contractors in the commonwealth will feel those cuts directly.

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