Debt and Budget

Virginia's Attorney General Ken Cuccinelli is accusing the IRS of refusing to release $125-million  in settlement funds to Virginia.  It comes at a time when the IRS is under scrutiny for its spending and other questionable practices, but the Attorney General says that's just a coincidence.

Va Tax Dept Debit Cards

May 28, 2013

Those debit cards that the Virginia Department of Taxation issued to taxpayers instead of checks are not going anywhere. In fact, as the tax season wraps up, most residents have already seen them.

Getting rid of tax-refund checks was supposed to save the state money.  Taxpayers had the option of cashing out the card, transferring funds, or using it as a point-of-sale card or at an ATM.  But they were charged fees and were often confused about how to access funds. Burns said he didn't receive many complaints, though.  

Online Tax Tangles

May 23, 2013

Revenue that Virginia officials were anticipating from online sales tax legislation in Congress is now in doubt. 

Recently the U-S Senate overwhelmingly approved a measure to make it easier for states to collect sales taxes from online purchases. Since then lobbyists for big online retailers and small business owners alike have stormed House office buildings trying to sway your local representatives.

The reason for the intense lobbying effort is that billions of dollars are at stake. Virginia officials expect to reap more than $250-million from online sales tax revenue.

State revenues improved a little last month following a dismal drop of 6.1%  in March.  The news reassured members of the House Appropriations Committee, who worry that federal sequestration cuts could have a negative impact on both Virginia’s economy and the state's coffers. 

Local Office on Aging, Roanoke

Sequestration cuts are starting to affect some Meals on Wheels programs throughout the Commonwealth. 

The Local Area on Aging in Roanoke is losing $96,000 from its Meals on Wheels program this federal fiscal year. 

That’s a fraction of the hundreds of thousands of dollars in losses the program is taking around the Commonwealth.