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Category Archives: Economy
Virginia’s Balance Sheet Almost Embarrassingly Strong
“Our balance sheet couldn’t be stronger…this is our moment to soar.” So said Virginia Governor Glenn Youngkin Wednesday. Every year, our governors come to the legislature to report on the end of the fiscal year financial result, and often they say something like … Continue reading
Posted in Economy, Feature, State Government, Top Story
Tagged Glenn Youngkin
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Virginians Want Their Change Back
The latest preliminary figures from the Virginia Department of Revenue put the current general fund budget surplus at more than $5.1 billion for fiscal year 2023, which ended June 30. This is more than double the $1.94 billion surplus the commonwealth posted in 2022. … Continue reading
Destroying the Commonwealth in Order to Save it
Members of the General Assembly who voted for a bill in 2021 mandating that new vehicles sold in Virginia must be all-electric by 2035 forgot to do the math to show exactly how that would work in real life. As the … Continue reading
Virginia Ends the Subminimum Wage; Jeopardizes Disabled Workers
There are few issues with more economic consensus than the negative impacts of the minimum wage. Originally designed to mimic racially discriminatory laws in other countries, the minimum wage continues to be a means of picking certain classes and geographic locations over … Continue reading
Posted in Economy
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Government Protects Itself from Inflation, But Not You
Virginia motor fuel taxes will rise again July 1, to just over 39 cents per gallon on gasoline and just over 40 cents per gallon on diesel. This will be the second automatic increase in gas taxes since the 2020 … Continue reading
Posted in Economy, Government Reform
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