McDonnell announces $544.8M surplus for 2010-2011

AFP

In his annual summer address to the Joint Money Committees of the General Assembly this morning, Gov. Bob McDonnell announced that Virginia has posted a surplus of over half a billion dollars for FY 2011. The $544.8 million surplus follows the Commonwealth’s $403.3 million surplus for FY 2010. The FY 2011 surplus consists of the…

Peter Leeds: Past the point of no return

AFP

You’ve certainly heard the endless stream of negative economic news lately. America’s fiscal house is in trouble, job growth has stalled, and we may be driving right into a double-dip recession. While giving their pessimistic economic outlooks, there is one thing that the doom-sayers have gotten wrong – they aren’t nearly worried enough. This isn’t…

Robert Hurt: Reducing unnecessary regulations to create long-term economic growth

Robert Hurt

Making over 30 stops across the 5th District along Route 29 this past week I talked to and met with many Central and Southside Virginians about the pressing issues currently facing our nation. Whether it was in Danville, Chatham, Gretna, Altavista, Bedford, Forest, Lynchburg, Rustburg, Piney River, Lovingston, Arrington, Charlottesville, or Ruckersville, the overwhelming message…

AAA: Gas prices continue upward trend

Chris Graham

Prices at the pump increased slightly this week amidst national and international economic volatility. The national average for regular grade gasoline reached $3.71 Friday, up a penny from last week, up 17cents from a month ago and 97 cents higher than year-ago prices. Gas prices remain 40 cents below the all-time record high of $4.11/gallon…

Kathleen Rogers: Don’t turn out lights on bulb innovation

AFP

In a close vote, the House recently passed a provision that undercuts one of the most successful environmental programs of the decade – one that requires all bulbs – including the incandescent – to achieve higher efficiency levels. The amendment, which was tacked on to the Energy and Water Development Appropriations Act of 2012, delays…

Sanford D. Horn: Should the obese fatten the government budget?

AFP

Plucking obese children from their parents is the ultimate in “nanny-statism.” Dr. David Ludwig, an obesity specialist at Children’s Hospital Boston and Lindsey Murtagh, an attorney and researcher with Harvard’s School of Public Health, want to extract obese children from their homes and away from their parents for a government intervention. Ludwig and Murtagh want…

ACLU raises issue with McDonnell letter on judicial appointments

AFP

The ACLU of Virginia has asked Gov. Bob McDonnell to revise or remove from his questionnaire for judicial applicants two questions regarding mental and physical disabilities that may violate the American with Disabilities Act. “These questions are unnecessary, inappropriate, invasive, and very likely illegal,” said ACLU of Virginia Executive Director Kent Willis. “Persons with disabilities…

State announces $311M surplus

AFP

Gov. Bob McDonnell announced today that the state ended the 2011 fiscal year with a $311 million general-fund surplus. A key to the fiscal picture – state revenues were up 5.8 percent over fiscal-year 2010, well ahead of the 3.5 percent revenue growth that had been projected. The state ended fiscal-year 2010 with a $228…