Ravenwood - 01/06/05 07:00 AM
In April, Virginia's lying, no good, sumbitch of a democrat governor, Mark Warner, coupled with some tax and spend Republicans in the state legislature forced through the largest tax increase in the 400 year history of the Commonwealth. The lying fucktards screamed doom and gloom about not being able to pay the light bill unless they pushed through nearly $1.5 Billion in new taxes. A month after the bill passed, it was revealed that Virginia was actually running a budget surplus. At the time Governor Warner called the surplus a surprise (he had no idea, honest), but said the amount of the surplus was insubstantial.
Now, it has been revealed that Virginia has more money than lawmakers know what to do with. Nearly $1 Billion more. Will the politicians return that money to the taxpayers? Will they roll back any part of the largest tax increase in state history passed just over 6 months ago? Of course not. Now the only question is how best to spend it.
The state is enjoying an estimated $1 billion surplus from higher-than-expected tax collections, and lawmakers plan to use at least a chunk of it to pave over local unrest, especially in congested Northern Virginia and Hampton Roads, caused by traffic-clogged roads and long commutes to work. [...]The Speaker says they aren't increasing taxes. But the "new revenue" stream will include diverted taxes, bigger fines, and part of this year's budget surplus (which is available only because they passed the largest tax increase in state history).The Republicans said their election-year plan -- all House members face voters in November -- would go further by establishing a continuing stream of new revenues that would pump $1.83 billion into transportation over six years.
The major new revenue sources, Republicans said, come from diverting about one-third of the state's taxes on vehicle insurance premiums, ranging from $127 million to $169 million a year, and raising about $100 million annually through imposing bigger fines on bad drivers.
House Speaker William J. Howell, R-Stafford, said the plan's provisions are "sensible solutions" for accelerating the state's transportation improvements without boosting taxes.
I heard that shortly thereafter Howell's pants actually burst into flames.
Every house ought to have a Lionel train set in the basement, as long as they're funding mass transportation.
Posted by: Ron Hardin at January 6, 2005 7:52 AM(c) Ravenwood and Associates, 1990 - 2014