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Category Archives: State Government
Uh Oh … Another Bad Year for VRS Investments
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 30 years, reports the … Continue reading
Posted in State Government
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Could the Loudoun Drowning Tragedy Have Been Avoided?
A decade ago, I wrote a column in this space regarding a quality assurance process for professional architecture, engineering, surveying, mapping and related services codified in Federal law, and most state laws, including Virginia. The “Brooks Act”, the Federal law … Continue reading
Posted in Government Reform, State Government
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Economic and Job Recovery? Not the Special Session’s Focus
With the Virginia General Assembly’s “Cops and COVID” special session moving into its third week, it seems likely to impede rather than assist the state’s economic recovery from the pandemic. It may also greatly expand COVID-19’s financial burdens in the … Continue reading
Posted in Economy, State Government
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Northam Finally Abandons Spending Hikes in Face of COVID
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 been frozen. No … Continue reading
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New Rules for Employers: There Is No Escape
The first thing every employer in Virginia needs to understand about the state’s new COVID-19 temporary workplace standard (here) is it is universal. It applies to every workplace, public and private, for-profit and non-profit, with 10,000 workers or two. The … Continue reading
Posted in Economy, State Government
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