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VRS Board Certifies Employer Contribution Rate for Teacher Plan
On October 19, the VRS Board of Trustees certified an employer contribution rate of 15.68 percent for the teacher plan for the 2018-2020 biennium budget; this rate is lower than the General Assembly-approved FY 2018 contribution rate of 16.32 percent. Strong investment returns and payment of the full Board-certified rate in FY 2018 helped bolster […]
State General Fund Revenues Increase in September
Governor Terry McAuliffe announced last week that state General Fund (GF) revenues turned in a strong performance in September, increasing 5.5 percent over the previous year. On a fiscal year-to-date basis, total GF revenues are running ahead of the annual forecast of 2.7 percent growth, with growth of 4.1 percent. Individual income tax withholding collections, […]
Visit Loudoun County and Goose Creek Stone Bridge
Photo by Sarah Stierch (CC BY 4.0) This four arch stone bridge was built in 1802 as part of Ashby’s Gap Turnpike, and is believed to be the oldest and longest stone bridge in Virginia. It is one of the few remaining in Virginia, and was the scene of a cavalry and artillery duel on […]
New Report Finds Water and Wastewater Rate Increases Across Virginia
By Sheryl Stephens | Draper Aden Associates There are more than 250 local government providers of water and wastewater services in Virginia, including many counties. With this wide array of providers serving large, small, urban, and rural communities, it can be difficult for those providers to analyze broad statewide trends concerning water and wastewater rates. […]
Henrico officials join Governor to announce plans for Facebook facility
Henrico County officials recently celebrated the announcement that Facebook will invest $750 million to establish a data center in the county’s White Oak Technology Park, noting that the industrial center was designed to accommodate such high-tech operations and pointing to tax-rate changes earlier this year intended to make Henrico more attractive to businesses like Facebook. […]
The Berkley Group’s Executive Transition Assistance Program
Today’s way of filling an Executive Vacancy Click on each page of the brochure for more information
Voting Credentials for 2017 VACo Annual Business Meeting
Voting credentials for the November 2017 VACo Annual Business Meeting, scheduled for 10:30 a.m. on November 14, have been sent to each county. Please return these at your earliest convenience. You may email the credentials form back to VACo or fax it to 804.788.0083. If you have questions or need a copy, please contact Vicky […]
Financial Facts
The Social Security Administration (SSA) announced that the maximum amount of wages subject to the 6.2 percent Social Security tax in 2018 will rise from $127,200 to $128,700, an increase of slightly more than 1 percent. The 2017 wage base increased more than 7 percent over the 2016 base. This raises the maximum a taxpayer […]
VACo Associate Member SPOTLIGHT – SIEMENS
VACo releases 2018 Preliminary Legislative Program
VACo has released its 2018 Preliminary Legislative Program, which was drafted through VACo’s steering committee process. The document includes a host of important and timely proposed policy statements including language pertaining to K-12 education funding, local taxing authority, stormwater regulations, land use planning, transportation, broadband, health and human resources and other local budget and legislative […]
Larry Land retires and reflects on 29 years at VACo
When bad ideas are proposed at the power centers of state government, I hate to think how much more difficult life might be for local officials if energetic and articulate advocates are never present to explain how governance at the local level might be adversely affected. That doesn’t mean we at VACo can always prevent […]
Visit Patrick County and the Mayberry Trading Post
Built in 1892, it originally housed the Mayberry Post Office as well as a general store. Today it’s still a general store and it features apple butter making on weekends in the fall. Address | 883 Mayberry Church Road | Meadows of Dan, VA 24120 Phone | 276.952.2155 | Mayberry Trading Post on Facebook
October 6 is the deadline to submit Go Green Scores
October 6 is the deadline for VACo members to register and submit their scores for certification under the 2017 Green Government Challenge, a friendly competition designed to encourage implementation of specific policies and practical actions to protect the environment and promote energy efficiency by local governments and the broader communities they serve. As in years […]
Joint Subcommittee to Evaluate Tax Preferences to take broad look at tax structure
The Joint Subcommittee to Evaluate Tax Preferences signaled a new approach to its work at its meeting on September 25. Chairman R. Lee Ware opened the meeting by suggesting that the joint subcommittee take a holistic approach to the effect of tax preferences on the overall tax code rather than examining individual deductions, exemptions, or […]
Commission on Local Government shares catalog of mandates
The Commission on Local Government met September 12 and unveiled its updated, searchable Catalog of State and Local Mandates on Local Government. This is a tool that all local governments can use for information and guidance on mandates.