Category: Government Finance
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Sales Tax On Groceries With Us Through Christmas
by Steve Haner Everybody eats. With all the money sloshing around the Virginia treasury for the General Assembly to play with, it is hard to see the logic in continuing the state sales tax on groceries an additional six months, delaying that particular tax cut until January 1. The inflation on everything at the grocery…
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Details on Real Estate Assessments and the Property Tax
by Dick Hall-Sizemore I am following up on James Sherlock’s article on local property taxes. In Article X, sections 1 and 2, the state constitution requires that all property be taxed at fair market value. There are exceptions, but those are not relevant to this discussion. So, there you have it. Unless the constitution is…
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Home Price Volatility and Virginia Property Taxes
by James C. Sherlock Housing prices have more than doubled since 2012, reflecting shortages of supply and the resulting speculation. The increasing slope of those curves above is not comforting. Prices have soared over 20% in a year. Mortgage rates are up. What could possibly happen next? Most can figure that out. But this article is…
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Progress: Standard Deduction Up 166% since 2018
by Steve Haner First published today by the Thomas Jefferson Institute for Public Policy. Do not be surprised if, by the time the next Virginia General Assembly elections roll around, the Democrats who are now complaining about the level of tax relief in the pending budget compromise switch positions, and campaign as champions of the…
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Who Needs the General Assembly? Let the Budget Conferees Do It.
by Dick Hall-Sizemore Although legislating through the budget, a practice that used to be frowned upon, is not new, this year’s budget conferees are taking the practice to a new dimension. The amendments released by the budget conferees include the following new provisions in the “General Provisions” section. In most cases, the Code of Virginia…
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Medicaid, Public Health and Chronic Disease Management
by James C. Sherlock From the CDC: Chronic diseases have significant health and economic costs in the United States. Preventing chronic diseases, or managing symptoms when prevention is not possible, can reduce these costs. Virginia pays a great deal of money every year to contractors who manage the care of its Medicaid population. It is…
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Fix One Thing — School Physical and Electronic Security
by James C. Sherlock I offer an apolitical suggestion. We know how to begin to fix school security. Do it. Step 1. Every school division has a security instruction. How many of them monitor whether that guidance is being followed? I will let them answer that. Step 2. The more complete solution is deployment of…
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A Budget Deal Emerges
by Dick Hall-Sizemore The Richmond Times-Dispatch reports there is an agreement on the state budget. There have been hints in the news about it all week, with the General Assembly announcing that it would come back to Richmond June 1 to take up various measures. All the details will not be available until late Sunday…
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Personnel Shortages that Plague Virginia’s Health Facilities Inspection Staff in the Hands of Budget Negotiators
by James C. Sherlock One of the most important responsibilities of Virginia state government is to inspect medical facilities and home care providers to ensure we are safe when we enter their care. It continues to fail in that responsibility thanks to years of Virginia budgets that have consciously ignored the need for increased inspector…
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Inflation and the Budget
by Dick Hall-Sizemore In addition to conventional budget requests, the Youngkin administration is likely to receive requests from agencies in the fall budget development exercise for additional funding to enable them to cover additional costs resulting from higher inflation. (Yes, I realize that the 2022-2024 biennial budget has not even been agreed upon yet, but,…
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What’s the Governor Waiting For?
by Dick Hall-Sizemore At the reconvened session on April 27, Governor Youngkin returned 116 bills to the General Assembly with recommended amendments. Legislators accepted the Governor’s recommendations on 91 of those bills. The remaining 25 bills were returned to him as originally passed. The Governor has three options for each of these remaining bills: sign…
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Stoney Versus the Environ-istas
by James A. Bacon Environmental activists in the City of Richmond aren’t happy with Mayor Levar Stoney’s proposed budget. The City’s Draft Climate Equity Action Plan sets a goal of reducing greenhouse gas emissions 45% by 2030 — and reaching net zero by 2050 — but Stoney’s budget plan doesn’t provide funding for conversion to…
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Lies, Damn Lies and Statistics in the Virginia Department of Education – Average Teacher Salaries Edition
by James C. Sherlock I was in the early stages of researching a column on school salaries in Virginia when I came upon yet another bad report. In 2021 Special Session I, the General Assembly directed the Superintendent of Public Instruction to provide a report on the status of staff salaries, by local school division, to…
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Virginia Budget Deal Stalled as Democrats Demand $3B in Increased Spending
by Shaun Kenney Just to illustrate how fanatically out of touch Senate Democrats are as they frantically try to spend $3 billion on more government, check out State Senator Scott Surovell (D-Fairfax) on Twitter as he blasts Governor Glenn Youngkin’s proposal for gasoline tax relief: Remember — we are sitting on a $3bn surplus fueled…
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Virginia’s Incredible Money-Spending Machine
by James A. Bacon Spending by Virginia’s state government isn’t just increasing — spending is increasing at an accelerating rate. The current budget biennium (fiscal 2021-22) and the next (fiscal 2023-24) will have seen the two biggest spending increases of the past nine budget cycles. Assuming no modifications to the next biennial budget’s spending totals…