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Daily Clip 9/15/17
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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 .

 

State’s August revenues grew 1.1 percent over August 2016

State revenues grew by 1.1 percent last month compared with the previous year, but state finance officials say the number is more impressive than it looks. The reason is that revenues grew by 12 percent…

Virginia Supreme Court upholds law freezing electric rate reviews, but with strong dissent

The Supreme Court of Virginia has upheld a hotly disputed state law that suspends regulatory reviews of electric utility rates and, according to reports prepared by state regulators, will allow the state’s large utilities to…

Gillespie unveils Transportation Plan

GOP gubernatorial candidate Ed Gillespie, who seemed to be leaning no on support for the transportation funding reform that former Republican Gov. Bob McDonnell pushed through in 2013, unveiled the transportation program he would push as governor…

Virginia Gov. McAuliffe faults Hogan’s plan on Metro funding — but is open to a compromise

Virginia Gov. Terry McAuliffe said Thursday that Maryland Gov. Larry Hogan’s proposal for funding Metro falls short of a long-term fix for the transit agency’s financial difficulties, but he left open the possibility that the plan could serve as the basis for an interim solution…

VCU hires architecture firm to develop infrastructure plan

Virginia Commonwealth University has hired a familiar architecture firm to coordinate its new facilities master plan. Ayers Saint Gross, a Baltimore-based firm, will be paid about $1 million to develop and manage the university’s master planning process…

Loudoun floats a tax cut for data centers

Loudoun County is proud of its role as data center alley, with roughly 3,000 tech companies taking space — and paying equipment-related taxes — in more than 75 centers. Its top economic official wants to hold tight to that title by lowering a key tax rate…

Pipeline: Memorandum of Agreement approved

The Brunswick County Board of Supervisors entered into a Memorandum of Agreement with the Department of Environmental Quality regarding the proposed Atlantic Coast Pipeline…

City Hall to State auditor: No way City on brink of financial distress

No way could this be correct. That is City Hall’s response to a finding by the state auditor of public accounts that Richmond is one of five localities — including Bristol, Petersburg and two unidentified counties — that are facing the most severe financial stress…

GO Virginia growth and diversity plan outlines region’s economic opportunities, challenges

A new analysis of Central Virginia’s economy projects job growth to continue in the region over the next decade. It also identified an urgent need for…

McAuliffe announces milestone in number of statewide STEM-H job credentials

Virginia awarded 50,361 workforce credentials in science, technology, engineering, math and health care jobs in the 2017 fiscal year. Gov. Terry McAuliffe’s office said the number of associate degrees, certificates, apprenticeships and…

Genworth acquisition gets approval by Virginia Bureau of Insurance

The proposed acquisition of Genworth Financial Inc. by a China-based company has cleared a regulatory hurdle in Virginia…

APCo plans $20 million transmission system upgrade for Lynchburg

Appalachian Power Company is asking for the public’s input as it prepares a $20 million, multi-year upgrade to its high-voltage transmission system in Lynchburg’s Rivermont and Dearington areas…

Pruitt tells industry EPA will reconsider Coal Ash rule

The Environmental Protection Agency will “reconsider” key parts of an Obama administration rule that governs the handling of coal ash, it has said, after an industry trade group and others currently suing over the rule asked…

Apple and Amazon take two paths to the same conclusion — that tech companies owe nothing to the American cities

There's already been significant debate among economists and urban planners about whether it makes sense for cities to court Amazon, especially if the competition heats up so much that the winner winds up offering big tax breaks and other incentives it may not entirely be able to afford…

Single-payer health care failed miserably in Colorado last year. Here’s why

Amendment 69, the Colorado Creation of ColoradoCare System Initiative, would have created a system in which all Coloradans would gain insurance through a tax-funded government insurance program. Private health insurers would have been rendered obsolete…

Institute questions tax plans of Gillespie, Northam

When it comes to politicians promising tax cuts, fiscal beauty is definitely in the eye of the beholder. A Richmond think tank estimated this week that the tax cut…

Challenger presses Loupassi on education, Medicaid expansion

Both candidates running for a Richmond-area seat in the House of Delegates agreed Wednesday that the struggling city school system represents an unacceptable governmental failure, but differed on the best way to…

Liberal groups pour $2M into Virginia Governor digital ads

A slew of liberal groups are teaming up for a $2 million digital ad buy aiming to drive Virginia voters to the polls in November and back Democratic Lt. Gov. Ralph Northam for governor…

Some new ideas for Appalachia

Here’s something unexpected: A group of four U.S. senators — two Democrats, two Republicans — have sponsored a study on how to rebuild the economy of Appalachia. The 34-page report, prepared by a Washington think tank, came out Wednesday…

McAuliffe: How Trump is sabotaging the Affordable Care Act in Virginia

Since President Trump took office, he and his administration have expressed their intention to sabotage the Affordable Care Act by creating instability in state insurance markets. As governors and other leaders across the nation warned…

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