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Daily Clip 5/9/17
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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 .

 

As questions mount about Tranlin deal in Chesterfield, Virginia tightens oversight of incentive grants

Legislators are beginning to express doubts about Virginia’s investment in a $2 billion recycled paper plant that has promised to bring 2,000 jobs to Chesterfield County, as policymakers expand their oversight of the state’s use of financial incentives to attract economic development…

State employee compensation, Community Colleges high on JLARC's Work Plan for year

State employee compensation — including benefits — is high on the list of topics for the Joint Legislative Audit and Review Commission to study this year as Virginia lawmakers look for ways to attract and retain talent in an aging state workforce…

McAuliffe signs 11 solar, other renewable energy bills

Virginia Gov. Terry McAuliffe on Monday signed 11bipartisan bills passed by the General Assembly earlier this year that promote the use of solar and other renewable energy options and aim to reduce energy consumption across the Commonwealth…

Assembly taps DMV Deputy as new leader of Legislature’s IT Agency

The General Assembly has turned to a familiar face to lead the legislature’s information technology agency. David W. Burhop will become the new director of the Division of Legislative Automated Systems…

Port of Virginia welcomes biggest ship yet

The Port of Virginia is preparing to receive “big ships” potentially weekly after the largest container ship yet arrived at the Virginia International Gateway terminal in Portsmouth on Monday…

N.VA. sharply split over proposed regional sales tax for Metro

Northern Virginia’s local governments are sharply divided among themselves — and with the District and Maryland — over a proposed regional sales tax to fund Metro. The discord was evident Thursday night at a…

State denies Virginia Beach’s request for $2 Million grant to reroute Atlantic Avenue

The state has denied Virginia Beach’s request for a $2 million grant to help pay for rerouting Atlantic Avenue for the Cavalier hotels projects. But the news wasn’t as bad as it seemed…

Chesapeake Bay earns ‘C’ for overall health; Blue crabs, rockfish, anchovies are thriving

Maryland environmental scientists gave the Chesapeake Bay a “C” for overall health in 2016, with improved fish populations and water conditions contributing to the second-highest grade the ecosystem has received in 30 years of scoring…

State tourism revenue reaches $24 billion in 2016

Virginia’s tourism revenue reached $24 billion in 2016, a 3.3 percent increase over 2015, outpacing the national growth rate of 2.7 percent. Gov. Terry McAuliffe on Monday said those figures provide proof that tourism plays an important role in diversifying Virginia economy’s by…

VA. Gubernatorial contender Northam calls for ban on corporate campaign giving

Virginia Lt. Gov. Ralph Northam (D) on Monday called for a cap on campaign donations and a ban on corporate contributions, escalating a clash over campaign funding in the primary race for governor. Virginia’s state campaign finance system is essentially…

Obamacare cost him a seat in Congress. Can it make him Governor of Virginia?

An hour after House Republicans voted to gut the Affordable Care Act last week, Tom Perriello released a viral ad that showed him in front of an ambulance being compacted in a scrapyard, shouting above the din…

Council to assert more day-to-day fiscal oversight in move Mayor calls 'legislative overreach'

Sidestepping objections from Mayor Levar Stoney’s administration, the Richmond City Council voted Monday to give itself more day-to-day oversight over how city administrators spend taxpayer money. The council agreed to insert an amendment…

$2B banking deal will ripple into Richmond

Another out-of-town bank merger is shaking things up on the ground in Richmond. The parent of Memphis-based First Tennessee Bank announced Friday its plans to acquire Charlotte-based Capital Bank in a transaction that will create…

Newport News School Board takes next step in transportation facility relocation

The Newport News School Board took the next step forward for the relocation of its transportation, maintenance and other operations facilities to make way for growth at Tech Center.

Anthem, Cigna battle in Del. over $54B merger termination

Cigna Corp. told the Delaware Chancery Court on Monday that an Anthem Inc. bid for a 60-day preliminary injunction on a $54 billion merger termination would lead to an unprecedented freeze on a deal already potentially doomed…

Walgreens, Rite Aid to certify compliance, forcing FTC's hand on merger

Walgreens and Rite Aid said they have “certified substantial compliance” with the FTC’s second request for additional information regarding their merger. By making such a move, the FTC then has to speed up a review of a deal that was first announced two years ago…

Slow revenue growth worries cash-strapped states

State tax revenues grew by a startlingly weak 1.2 percent in the last fiscal year, raising concerns among legislators and economists that states are in for a new round of painful budget cuts…

Amid gas-tax revenue decline, new fees on fuel-efficient cars

As the revenue from gasoline taxes decreases with the rise of fuel-efficient vehicles, many states are looking for alternative sources of money to build and maintain their roads, bridges and other infrastructure…

America's first '21st century nuclear plant' already has been shut down for repairs

When the Tennessee Valley Authority’s Watts Bar 2 nuclear power plant was finally approaching completion the big public utility hailed it as “the nation’s first new nuclear generation of the 21st century.” That was in October 2015, and the plant…

Comcast, Charter announce new partnership to enter mobile market

Telecommunications behemoths Comcast and Charter Communications announced a new wireless partnership Monday. The move comes as the two companies prepare to break into the competitive wireless market…

Sanctuary Bills in Maryland faced a surprise foe: Legal immigrants

In passionate testimony before county legislators, and in tense debates with liberal neighbors born in the United States, legal immigrants argued that offering sanctuary to people who came to the country illegally devalued their own past struggles to gain citizenship…

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