New analysis shows impact could exceed $1.2 million RICHMOND, VA – Two bills pending in the General Assembly to tighten voter ID requirements in Virginia will cost between half a million and $1.2 million, according to new analysis published today by The Commonwealth Institute for Fiscal Analysis. Under SB1 and HB9, voters who show...
HB569: A Fiscal and Legal Morass HB 569 imposes burdensome new voter identification requirements, could cost Virginia millions of dollars to implement, and may ensnare Virginia in costly litigation. As currently drafted, this legislation would (1) require proof of citizenship for new voter registrations (including individuals who move into Virginia after being registered in...
Governor’s Budget Turns Back on Low-Income Virginians RICHMOND, VA – In his proposed budget, Governor McDonnell gets nearly 60 percent of his budget cuts from services and programs that serve low-income Virginians, a dramatic departure from bipartisan efforts on Virginia’s budget in recent years. “These cuts will hurt the disadvantaged and lead to increases...
Governor’s 2012-2014 Budget Ignores Current Needs In his effort to balance the state’s budget and close major funding gaps, Governor McDonnell has presented legislators with a budget that ignores the reality of growing need, shifts obligations to others, hides real cuts in education funding and will cost Virginia jobs. Instead of reforming, reallocating and...
New report shows Governor’s budget proposal will eliminate services for thousands of Virginians and jobs Governor McDonnell proposes a set of deep cuts to health care in Virginia that will mean over $800 million in lost business activity in the economy, further increased costs for Virginians with private insurance, near elimination of state support...
Statement from Michael Cassidy, President, The Commonwealth Institute for Fiscal Analysis, on Governor McDonnell’s biennial budget The Governor is trying to take the easy way out of a tough situation. Instead of making the investments to create jobs and help our economy grow over the long haul, he has chosen to punt. The Governor’s...
A Blueprint for Prosperity In the middle of the toughest economy we’ve faced in generations, too many hard-working Virginians have lost jobs, seen their hours or pay reduced, or been forced to clean out their savings just to make ends meet. Yet, just when we need them most, state services have been cut. Crumbling...
July 25, 2011 Future State Budget Estimates Put Virginia ‘In the Red’ ** 2012-2014 Budget Shortfall Estimated at over $800 Million ** RICHMOND, Va. – Despite years of cuts to public services and slowly rebounding state revenues, Virginia faces an estimated budget shortfall of more than $800 million in the upcoming 2012-2014 biennial budget,...
Budget Cuts, Expiring Recovery Act Put Virginia Behind New report shows $8 billion funding gap for key public services at a time of increased need RICHMOND, VA – A new report from The Commonwealth Institute for Fiscal Analysis shows a massive gap in the state budget between the funding required to support public services...
When the recession hit Virginia, legislators dipped heavily into the state’s “rainy day fund” to help balance the budget and keep important services up and running. But the fund could have been stronger, according to a new report published today by the Commonwealth Institute. The report also shows how efforts under way now to...