Politics | Community Idea Stations

Join us on         

Politics

General Assembly Reveals Budgets

The House of Delegates and the Senate are out with budget bills for both the current and upcoming biennia.

Both Republican-controlled chambers are promoting their bills as conservative and sustainable spending plans.

During budget presentations Sunday (2/21), Senate Majority Leader and Finance Committee co-chair, Tommy Norment, said the smaller groups took their time deliberating how to best use state dollars.

The House of Delegates also reigned in the governor’s proposals slashing medicaid expansion, while providing additional dollars for education investment.

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.

Senate Passes Limited Airbnb Regulations

The Senate narrowly passed a bill 20-19 that would create a limited regulatory structure for websites like Airbnb that rent homes or rooms like hotels, though the hospitality industry says it doesn’t enforce tax collection.

The legislation would prevent localities from banning the use of Airbnb and would allow homeowners to pay taxes for their rentals but would not require them to do so. Republican Senator Jill Vogel of Faquier is the bill’s patron.

Pages

Subscribe to Politics