
by Hans Bader
โWith just 4 employeesโ in his regulatory office, Virginia Governor Glenn Youngkin has โsaved residents $1.2 billion per yearโ and โreduced cost of building a new house by $24,000,โ by eliminating more than a quarter of Virginiaโs regulations, says Dominic Pino of the National Review. Under Youngkin, โoccupational license approval times declined from 33 days to 5 days. Stormwater permitting reforms saved $124 million.โ And โDepartment of Environmental Quality permit processing times declined by 70%.โ
Pino adds that
Like similarly successful efforts in Iowa and Idaho, Virginiaโs reforms have been boring, methodical, and based on economic analysis rather than political noteworthiness.
Since 2022, Virginia has reduced the number of requirements in its regulatory code by 26.8 percent, exceeding Youngkinโs goal of 25 percent. He says his administration is on pace to reach a 33 percent reduction by the end of his term early next year. The reduction in regulatory word count is even greater: 11.5 million words were struck, nearly half of the total found in state guidance documentsโฆDeregulation in housing construction is estimated to reduce the cost of building a new house by $24,000 on averageโฆ.
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