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News & Press: 2018 Economic Development News

TSS Today's Clips-Monday, April 16

Monday, April 16, 2018  
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Below are newspaper articles from around the Commonwealth that you may find of interest.These materials are to inform you of developments that may affect your business and are not to be considered legal advice. If you have any questions please contact Mike Woods.

 

House committee adopts new budget, with changes for Medicaid work requirement, insurance and cash reserve

There are few surprises in the new state budget the House Appropriations Committee adopted Friday, but concern about protecting Virginia’s triple-A bond rating will loom over the coming battle with the Senate over whether the final spending plan will expand the state’s Medicaid program…

Hanger ready to broker budget, Medicaid agreement

Shenandoah Valley Sen. Emmett Hanger says Medicaid expansion can be part of the final Virginia budget, but is holding firm on not assessing Virginia hospitals to cover the state cost of expansion…

Governor signs Arlington tourism-tax extension

The Arlington County government will be able to continue collecting a surtax on hotel stays to pay for tourism promotion, now that Gov. Northam has signed legislation extending the measure for three more years…

Restitution fix signed into law

A bill that works to keep better track of restitution payments in Virginia has been signed into law by Gov. Ralph Northam. House Bill 484, attempts to solve the problem of people failing to pay court-ordered restitution…

Governor not swayed by attempts to save CVTC

Despite the continued efforts of local legislators and families to stop the closure of the Central Virginia Training Center — which cares for 100 residents with severe intellectual and developmental disabilities as of April 2 — the state is moving forward…

CEO confidence dips in first quarter 2018 survey compared with fourth quarter 2017

Growth expectations among leaders of small and mid-sized companies in central Virginia declined in the first quarter of 2018 compared with the fourth quarter of 2017, according to a recent survey, though the results showed that…

New Commerce and Trade Secretary highlights goals of Northam Administration

What does a speaker tell a group of economic developers? How important economic development is, of course. That theme was constant in remarks from Esther Lee, Virginia’s new secretary of commerce and trade, during a keynote address…

HRT isn't building light rail on west side of Norfolk, but looking at Military Highway

This fall, HRT officials will turn their eye toward the east side of the city for a two-year study on a route that would roughly follow Military Highway up to the naval base…

City seeks more info from Farrell-led Coliseum redevelopment group

The courting between the City of Richmond and a group that aims to redevelop the Richmond Coliseum continues, with serious negotiations not likely to begin for another few months. The city on Thursday said it needs more time to review the proposal

Judge throws out defamation lawsuit from former Newport News Airport Director, offers chance to amend

A Circuit Court judge on Friday tossed a lawsuit in which the former executive director of Newport News/Williamsburg International Airport accused several past and present airport employees of defaming him…

VCU Health settles lawsuit with chief of staff accused of stealing trade secrets

The health system's lawsuit accused him of stealing confidential documents from the organization before being fired in March, after less than two years on the job…

Richmond is caught up on financial reporting for the first time in four years

The city of Richmond caught up on annual financial reporting requirements for the first time in four years with an accounting submitted late last month of how it spends federal dollars. The milestone…

Study recommends eventual rerouting of U.S. 11 away from Natural Bridge

Using the Natural Bridge as a highway bridge does not endanger the people who drive across the top of the 215-foot-tall limestone arch, a geological study has concluded. But those who walk a trail under the popular landmark…

S.C.-based Santee Cooper wants say in possible Scana-Dominion energy merger

South Carolina’s state-owned utility says it wants a say in whether its partner in building two failed nuclear plants can merge with Dominion Energy Inc. In a filing Thursday, Santee Cooper says it has not decided if it will support or oppose…

Fourth Circuit appeals court strikes down Maryland’s drug price-gouging law

Maryland was the first state in the country to allow its attorney general to take legal action against manufacturers over the pricing of off-patent or generic drugs…

NC just kicked 600 people off the state's health insurance

North Carolina Treasurer Dale Folwell's office has kicked 600 people off the State Health Plan, after an audit found people were wrongfully listed as dependents for health insurance coverage…

South Dakota e-commerce sale tax fight reaches U.S. Supreme Court

A high-stakes showdown at the U.S. Supreme Court on Tuesday will determine whether states can force out-of-state online retailers to collect sales taxes in a fight between South Dakota and e-commerce businesses…

Tax Increment Financing faces new scrutiny in Missouri

At a time of increased public interest in how state and local governments use tax dollars to attract development, Missouri lawmakers may bring greater public scrutiny and transparency to a popular funding process known as tax increment financing, or TIF…

Canadian pharmacy fined $34 million for importing counterfeit drugs into U.S.

Federal prosecutors have fined a Canadian online pharmacy $34 million for importing counterfeit drugs and unapproved pharmaceuticals into the U.S…

Virginia doesn’t have to choose between roads and rails

Along with Maryland and the District, Virginia took a major step this year toward restoring Metro to a sustainable financial position — and, in the process, assuring the region’s long-term prosperity. By passing a measure to boost the state’s subsidy for the transit system by $154 million annually…

Like a zombie, Cap-and-Trade refuses to die

In the early 2000s, Sen. John McCain, R–Ariz., introduced legislation to create a national program that would allow power companies to buy carbon credits to offset the emissions they produced beyond a government-determined cap. Due to fierce public opposition…

Schapiro: GOP leader’s subtle, significant shift on Medicaid

Tommy Norment knows how to count. And the arithmetic is telling the Republican majority leader of the Virginia Senate that he could be facing a loss on Medicaid expansion. But ever the Machiavelli, Norment may be looking to turn it into a win. In a subtle but significant shift, Norment said he is now willing to discuss bringing 300,000 uninsured Virginians under the Medicaid umbrella…

 

 

Michael W. Woods
Senior Manager - Virginia

Direct: 804.697.2256 | Mobile: 804.339.0260
mike.woods@troutman.com

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