Tag: vrs

mark herring

Herring brings $1.15B suit against banks for defrauding Virginia taxpayers

Attorney General Mark Herring today announced a historic lawsuit against some of the largest commercial banks in the world for fraud committed against Virginia taxpayers during the height of the real estate bubble.

kirk cox

Kirk Cox: Virginia needs a clean budget, special session on Medicaid

There are a lot of citizens depending on the state to pass a budget before the July 1 deadline. House Republican Leadership has called for a special session after we pass the budget to debate the issues of ObamaCare’s Medicaid expansion on its merits.

Chris Graham: A catastrophe in the making

That’s how I’m describing the budget-wrangling in Richmond that will effectively reduce state spending on K-12 education in Virginia. The moves – forced by Gov. Bob McDonnell’s push on funding for the Virginia Retirement System for public-sector employees – are forcing the hands of local decision-makers. Local government, of course, is where the rubber hits […]

McDonnell announces VRS plan

Gov. Bob McDonnell announced on Thursday the second half of his 2012 legislative reform initiatives to address the long-term unfunded liabilities in the Virginia Retirement System. If adopted by the General Assembly, Gov. McDonnell’s recommended actions would inject over $5.8 billion in new money or savings into VRS in the next 21 years. The governor […]

McDonnell announces $2B investment in VRS

Gov. Bob McDonnell announced today that his proposed biennial budget will recommend a total of $2.21 billion in employer contributions to state employee and teacher funds by state and local governments – the largest employer contribution to VRS in history. The recommended employer contribution for state employees alone for FY2013/2014 is a record $596.9 million. […]