
by Dick Hall-Sizemore
In a break from the practices of previous governors, Gov. Glenn Youngkin appointed an outsider totally unfamiliar with state government in general and Virginia in particular to be his Secretary of Finance.ย Before his appointment, Steve Cummings had held several high-level positions in investment banking.ย After two and a half years on the job, Cummings still has a lot to learn.
The governor recently met with the General Assembly money committees in the annual meeting to report on the year-end financial status of the Commonwealth. As is customary, Cummings spoke to the committees after the governor and provided additional details on the year-end financial report.
As reported by the Washington Post, one of his slides had a footnote noting โa backlog of corporate refunds [that] had accumulated from prior years.โย Lt. Gov. Winsome Earle-Sears, who was in the audience asked about it.ย (Earle-Sears is not a member of any of the committees and, ordinarily, the committees do not take questions from the audience at this meeting.ย However, the chair of the committee, due to her position, extended her the courtesy of asking for an explanation.)
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