Economy and Economics

Economics & Economy
4:00 am
Wed May 29, 2013

Weldon Cooper Center Develops New Poverty Measure

Credit Weldon Cooper Center for Public Service

A 1960s era poverty measurement is being replaced by one that more accurately reflects Virginians’ living standards and spending patterns. 

If you were alive in the 1960s, you know a lot of things have changed since then.  But criteria used to determine poverty hasn’t.  Dustin Cable is a demographer with the University of Virginia.

“Food costs have declined as a percentage of family budgets and medical expenses have dramatically increased.”

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Alternative to Refund Checks
4:00 am
Tue May 28, 2013

Va Tax Dept Debit Cards

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.  

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Community Service & Volunteerism
4:45 pm
Thu May 23, 2013

D-Day Memorial in Bedford Plans Memorial Day Tribute

Credit National D-Day Memorial

Many Virginians will enjoy picnics and getting together with friends and family this holiday weekend.  And some will find the time to remember the true meaning behind Memorial Day. 

The National D-Day Memorial in Bedford will begin its Memorial Weekend festivities with a patriotic concert Saturday night.  April Cheek-Messier is Co-president of the memorial.

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Intense Lobbying Efforts
4:00 am
Thu May 23, 2013

Online Tax Tangles

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.

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Economics & Economy
2:19 pm
Wed May 22, 2013

Consumer Sentiment Mixed Among Virginians

Credit Roanoke College

Roanoke College is out with a new poll detailing how Virginians view their financial situation and general business conditions now and in the future. 

It’s the second time this year the Institute for Policy and Opinion Research at Roanoke College conducted its consumer sentiment survey, and Senior Analyst Alice Kassens says there were some surprises.

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