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Bacon's Rebellion is Virginia's leading politically non-aligned portal for news, opinions and analysis about state, regional and local public policy. Read more about us here.Fund the Rebellion
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Recent Posts
- Bacon Meme of the Week
- Riley Gaines: Role Model
- Off the Interstate: “God’s Thumbprint”
- No, Virginia Beach Did NOT Cut Taxes
- Greasing the Skids for the Budget
- Fewer Children Seeking ER Treatment for Cannabis Ingestion
- Virginia Beach Budget Will Lower Your Standard of Living
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Search Results for: layne
Uh, Oh, Another Bad Year for VRS Investments
by James A. Bacon The Virginia Retirement System earned 1.4% on its $82 billion investment portfolio in fiscal year 2020, far below the long-term average of 6.75% the VRS Board of Trustees assumes that it will earn over the next … Continue reading
Pressure Builds on Northam to Crank up Spending
by James A. Bacon In many ways Governor Ralph Northam has governed as a leftist-progressive Democrat bearing little resemblance to the moderate he proclaimed himself to be when he ran for office. He has expanded Medicaid, mandated a 100% carbon-free … Continue reading
Northam Asks Legislators: Resist Urge to Spend
By Steve Haner Perhaps the most important point about Governor Ralph Northam’s latest Virginia state budget proposal is what he did not recommend. He did not recommend dipping into the state’s current cash reserves to restore spending items which had … Continue reading
Posted in Business and Economy, General Assembly, Government Finance, Taxes
Tagged COVID-19, Stephen D. Haner
Conservative Budgeting–Still the Virginia Way
By Dick Hall-Sizemore Secretary of Finance Aubrey Layne is following in the classic conservative tradition established by his predecessors: under project your revenues and then look good when they come in higher than projected. In his case, he gets to … Continue reading
Housing Grants Just a COVID Relief Rounding Error
By Steve Haner Will $50 million be enough? Will that get all the Virginians who have fallen behind due to COVID-19 square on their rent or mortgage payments? Or is that amount, in a relief program now fleshed out by … Continue reading
The Revenue Picture is Bad, But Not as Bad as Expected
By Dick Hall-Sizemore The state’s May revenue report has been released today. As one would have expected, the May 2020 general fund (GF) revenues were down significantly from May 2019 and the year-to-date GF revenues are running behind the annual … Continue reading
Racism, COVID19 and Marijuana Legalization in Virginia
By DJ Rippert Unintended consequences. Newspapers, websites and Bacon’s Rebellion have been full of articles describing and debating the COVID-19 pandemic and the police killing of George Floyd with the attendant protests. First-order consequences of these events have been widely … Continue reading
Who Will Pay for Increased Nursing Home Testing?
by James A. Bacon The The Virginia Mercury has published a well-reported article today about the challenges of addressing the spread of COVID-19 in Virginia nursing homes, which account for 57% of all COVID deaths in the state. The Virginia … Continue reading
“People Have Stopped Buying Automobiles”
By Dick Hall-Sizemore That is how Aubrey Layne, Secretary of Finance, summed up his explanation to the House Appropriations Committee of April’s 15% drop in transportation revenue All of the major components of the transportation revenue were down in April, … Continue reading
Juggling the Revenue
By Dick Hall-Sizemore Jim Bacon mentioned in an earlier post that the state’s revenues for April were $700 million less than in April of last year. I was surprised that there were no cries of outrage from readers and dire … Continue reading
Who Sets the Protocols for COVID-19 Testing and Tracing – the State or Localities?
by James A. Bacon The Northam administration plans to dispatch $650 million of federal helicopter dollars directly to cities and counties to help cover the cost of responding to the COVID-19 epidemic. The state’s priorities for monies received under the … Continue reading
Stop Gap Budget Amendments
By Dick Hall-Sizemore Not surprisingly, the Governor did not try to re-write the budget in the reconvened session. There is just not enough information available now regarding the extent to which state revenues will be affected by the economic downturn … Continue reading
Virginia’s Let-the-Good-Times-Roll Budget
by Kerry Dougherty We’re in a hell of a mess here in Virginia, folks. Oh, other states are in trouble too. But how many of them saw their state legislatures go on a wild spending spree less than a month … Continue reading
Buying Time to Fix the Budget Hole
by Dick Hall-Sizemore To deal with the virus-created budget crisis in the short term, the Northam administration has announced sort of a “time out.” According to the Richmond Times-Dispatch, the plan will consist of two primary components: freezing all new … Continue reading
Boomergeddon Update: Back on Track to Self-Destruction!
by James A. Bacon It’s been ten years since I published my book, “Boomergeddon,” in which I advanced the argument that the fiscal/monetary system of the United States would collapse into chaos by the late 2020s or so. The nation … Continue reading
