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Daily Clip 4/24/17
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TROUTMAN SANDERS

STRATEGIES

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 .

 

Virginia jobless rate drops to 3.8 percent in March

The jobless rate in Virginia fell to 3.8 percent in March from February, marking the third monthly decline. Virginia’s unemployment rate also reached its lowest point since May 2008…

State budget targets localities in fiscal distress

While a study for local government finances was canned this past legislative session, the new state budget has revived the focus on fiscal stress in Virginia cities and counties. Motivated by the city of Petersburg’s financial crisis…

City officials say Hopewell is financially stable

Despite Hopewell’s ongoing financial reporting troubles, the city’s financial position appears to be both “solid” and “stable,” according to presentations by senior city officials Tuesday night. As of March 31 of this year…

McAuliffe signs bill forcing faster replacement of Alexandria sewers

Virginia Gov. Terry McAuliffe signed a controversial bill Friday that forces Alexandria to move faster than it planned to replace Old Town’s 200-year-old combined sewers, which dump runoff and sewage into the Potomac River after rainstorms…

Electric bills may go down if Virginia Court undoes 2015 law

Virginians could see their electric bills go down if the state Supreme Court decides a 2015 law temporarily banning state regulators from adjusting a portion of electric rates is unconstitutional…

State Supreme Court hears Daily Press court records case

Attorneys and state Supreme Court justices keyed in on just who has the power to release electronic public records Friday as the Daily Press' two-and-a-half-year quest to access routine criminal court data got its moment before the state's highest court…

Should Virginia release more older prisoners to make room for younger ones?

When Virginia abolished parole to great fanfare in 1995, a safety valve of sorts was put in place: "Geriatric release." That is, inmates 60 and older are considered annually for release, regardless of their sentence, so long as they have…

Hanover expanding wireless internet service to rural areas

Faster internet appears to be on its way to the Hanover County area. Hanover has struck a deal to eventually expand internet service in the eastern and western parts of the county, and Ashland is gearing up for an upgrade to its internet service…

Ashland stakeholder group forming to continue to study of High-Speed Rail proposal

The Virginia Department of Rail and Public Transportation met last week with stakeholders of the Ashland section of a 123-mile portion of a federal high-speed rail project. The purpose of the meeting was to give an update on…

Tri-Cities Airport Aerospace Park could be ready for businesses in two years

Tri-Cities Airport’s $18 million Aerospace Park could be ready for aerospace and advanced manufacturing companies to begin building in two years, based on an Airport Authority decision Thursday…

Fredericksburg to hold public hearings on new fees, proffer reform exemption

The special-use permit fee is one of several dozen that are likely to increase in Fredericksburg if the City Council votes to approve a revised schedule of fees to defray the cost of reviewing applications and…

New rule gives small banks fighting chance against Dodd-Frank

Up to now, much of the debate over whether to revise — or repeal — Dodd-Frank has focused on the excessive costs and administrative burden it placed on small banks that had little to do with the financial crisis…

The Growing funding gap for State Pensions puts millions at risk

Two new reports by the Pew Charitable Trusts suggest that state governments across the country are shortchanging their employee pension funds and aren’t adding enough money in emergency funding accounts to prepare for the next economic crisis or recession…

Industry, Climate Groups push for Carbon Capture funding

A coalition of coal industry, labor and climate change groups urged President Donald Trump and congressional leaders Thursdayto make carbon capture and sequestration projects part of any broad infrastructure legislative package…

FCC Chairman pushes Broadband group goals

Federal Communications Commission Chairman Ajit Pai on Friday heraldedthe first meeting of a new advisory group meant to make recommendations to the agency on clearing the way for broadband deployment, urging the group to find…

NC House backs off proposed ban on development impact fees

A bill that proposed to strip North Carolina counties and municipalities of their authority to impose impact and other regulatory fees on new construction was scaled back by a House committee on Thursday. Local officials say doing away…

These NC counties would see job creation incentives cut by legislature

A proposal to redirect state financial incentives – to encourage companies to move to poorer counties – passed a state Senate committee Thursday…

Despite thinner crowds, Shad Planking endures

Despite a warm, sunny afternoon, the crowds that turned out for the annual shad planking, Virginia’s homegrown tradition of smoking fish and grilling political candidates, were noticeably thinner than in previous years…

Davis: Without coal, who will we be?

Since the presidential election, I’ve repeatedly heard people ask how voters in Appalachia -- painted by news stories as Trump supporters -- could vote against their own self-interests. Who is defining those interests…

McAuliffe: Restoration of Voting Rights, one year later

It's not every day you can change a life for the better. It’s even more rare to do it for many thousands of people at once, even if you’re a sitting governor. This week marks one year since…

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