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House Will Work to Repay Money Borrowed During Recession

The House and Senate will unveil their budgets on Sunday (2/21). Though senior negotiators say we’ve had several years of surplus revenues, they’re still working to undo the damage done by the great recession.

The House of Delegates hopes to begin fully funding the state’s retirement system this year, as well as accelerating a $189 million dollar plus interest repayment to the pension plan.

They’ll also put potential surplus dollars toward outstanding bonds for construction projects across the Commonwealth.

Assembly 2016: Airbnb Bills Advance Despite Concerns from Localities and Hotels

The House and Senate have passed bills that allow limited residential lodging service websites such as Airbnb and FlipKey to do business in Virginia, though localities and the hotel industry have concerns.

The bill’s house patron, Republican Delegate Chris Peace of Hanover says the sites will create jobs, grow Virginia’s travel industry, allow homeowners to earn income, and create millions of dollars in new revenue for cash strapped local governments.

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