CENTERS for

Budget Planning

January 2015

Jefferson Journal:  Economic Forecast Shows Slow Growth at Best for Virginia
Jefferson Journal: Economic Forecast Shows Slow Growth at Best for Virginia — By Michael Thompson and Stephan Cassaday  The Jefferson Institute's 15th annual Economic Forecast for Virginia is out, and it shows that our economy -- with its overreliance on federal spending -- continues to recover slowly from the Great Recession.  More importantly, it points to a way to develop Virginia into the "Energy Capital of the East Coast."  Read It Here!

January 2015

Virginia Economic Forecast 2015:  Virginia's Role in North American Energy Development
Virginia Economic Forecast 2015: Virginia's Role in North American Energy Development — Sponsored by Cassaday and Company, this 15th Annual Economic Forecast offers not only a picture of what Virginia's economy will look like in 2015, but also describes the important role in North American energy development.  The Commonwealth has finally surpassed its pre-recession peak level of employment, but did so months after the nation.  Key sectors, relatively more dependent on Department of Defense spending, are likely being impacted by federal spending cuts.  Meanwhile, Virginia is in position to serve as a vital connection between domestic energy production and exports to European/Asian markets through its port -- one of only two East Coast ports currently equipped for larger ships.  With its close proximity to shale gas reserves and recent approval by the federal government to allow for energy exploration off the Atlantic coast, Virginia is poised to become "the energy capital of the East Coast" in the long term.  Read It Here!

September 2014

Jefferson Institute Leads Major Virginia Organizations in Call for Tax Reform
Jefferson Institute Leads Major Virginia Organizations in Call for Tax Reform — The Thomas Jefferson Institute for Public Policy has led three other major Virginia organizations -- the Virginia Retail Federation, the National Federation of Independent Business, and the Virginia Manufacturers Association -- in calling on Governor McAuliffe and the General Assembly to reform Virginia's tax system in light of the $2.4 billion state budget shortfall.  Read the news release here!

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