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City of Richmond moves up in general obligation debt rating
Moody’s Investors Services upgraded the city of Richmond’s general obligation debt rating to Aa1, its second-to-highest creditworthiness rating, Richmond Mayor Levar Stoney announced Tuesday. A city’s credit rating determines the amount that a locality may borrow for capital projects, including schools. The city has not received an upgrade since 2014. With this change in rating, [...]
Northam announces $292.5M revenue windfall
A mid-session revised revenue forecast has resulted in the state government projecting a windfall of $292.5 million in additional revenues for fiscal year 2020, which ends on June 30, Gov. Ralph Northam said in a letter on Friday to the General Assembly Money Committees. According to state statute, $112.3 million of that $292.5 million is […]
Subcommittee advances bill prohibiting LGBTQ discrimination
RICHMOND — A General Assembly subcommittee advanced a bill Thursday that would prevent discrimination on the basis of sexual orientation or gender identity in housing, public accommodations, employment and credit applications. Lawmakers suggested expanding the focus of a bill introduced by Del. Delores McQuinn, D-Richmond, that would update the Virginia Fair Housing act to prevent […]
Whitney, Bradley & Brown acquires Decisive Analytics Corp.
Reston-based program management and consulting provider Whitney, Bradley & Brown Inc. (WBB) has acquired Arlington-based defense analytics provider Decisive Analytics Corp. (DAC), according to WBB’s parent company, H.I.G. Capital (H.I.G). Financial terms of the deal were not disclosed, but H.I.G is a global private equity investment firm with more than $35 billion of equity capital [&hel[...]
State Democrats unveil 2020 legislative agenda
Gov. Ralph Northam and the leaders of the state legislature’s new Democratic majority unveiled their 11-point ‘Virginia 2020 Plan’ for the General Assembly session that begins Wednesday. House Speaker-designee Eileen Filler-Corn, incoming Senate Majority Leader Richard L. Saslaw, incoming House Majority Leader Charniele Herring and incoming Senate Caucus Chair Mamie Locke announced t[...]
JLARC recommends improvements to workers’ comp system
Virginia should pursue improvements to its existing workers’ compensation system program before considering an alternative program, the Joint Legislative Audit & Review Commission recommended in a study released Monday. In December 2018, JLARC directed its staff to conduct a review of Virginia’s worker’s compensation system. The report issued nine major findings regarding com[...]
