Thursday, July 15, 2010

Virginia Has a State Budget Surplus?

It does?  Many $ issues spring to mind contraindicating a "surplus," including that Virginia borrowed  $1.26B from the US Treasury to pay unemployment compensation in 2009,  VDOT is squeezed,  and there are significant State Retirement System issues.

6 comments:

Anonymous said...

They should cut the benefits for all current employees. The benefits are not affordable to their customers (taxpayers) and their benefits are out of line with the market. There is nothing sacred about pensions, this happens all the time in the private sector.

Truthteller said...

Lets also not forget about this sales tax acceleration business.

http://www.examiner.com/x-46265-Richmond-Political-Buzz-Examiner~y2010m5d7-Virginia-forcing-businesses-to-pay-sales-tax-before-collecting-them

Anonymous said...

I'm conflicted. On one hand, while rent and utility bills have gone up each year, I haven't had any increase in pay in three years (not that I got much prior to that...people considered themselves lucky to get a 2% raise). On the other hand, budgets have gotten squeezed to the point that we're working with broken equipment and looking for cast offs on Craigslist. I recently bought a desk and chair off a UVA student out of my own pocket to replace some items that were broken at work. Now we hear there's a surplus?

Humpty said...

Be thankful you have a job. Many millions have lost their livelihoods.

Your glass is half full and not half empty!

Anonymous said...

Even with these issues, Virginia is still doing WAY better than many other states. No need to be excessively pessimistic.

Anonymous said...

Virginia does not have a budget surplus. It's not pessimistic to point this out. However, it IS bs for the Gov to suggest there's a surplus and for most MSM outlets to print the party line.