McAuliffe plans could cost every family in Virginia $ 5,400: report

FVirginia Gov. Terry McAuliffe, who is posing as the next Commonwealth governor, has suggested a variety of policy changes, which could cost the average Virginia family about $ 5,400 each, according to a new report.

The report, released by the free market Thomas Jefferson Institute, analyzed McAuliffe’s plans for education, economics, entrepreneurship, COVID-19 and healthcare. He concluded that Virginia’s operating budget spending would increase by over $ 8.3 billion, its general fund would increase by over $ 7.6 billion, and its non-general fund would increase by over 678,000. $.

It’s unclear how the state would pay for the new programs, but if the costs are fully offset by taxes, the think tank found it would be the largest tax increase in state history.

“McAuliffe is proposing to leverage and withdraw federal dollars to pay for his proposed policies,” the report notes. “When this information was publicly available, savings on general and non-general fund were assessed. McAuliffe did not come up with a new source of income, either taxes or debt.

According to the report, the COVID-19 spending proposals would primarily consist of one-time spending related to vaccination efforts, contract research, and pharmaceutical manufacturing, among others. Other plans that would be one-time spending include fully funding some of the proposed 2019 quality standards and money for community colleges.

Most funding proposals, however, would establish long-term spending programs that would continue to cost Virginia taxpayers money throughout her tenure and long after. This includes collective bargaining of state employees, accelerated minimum wage increases, the expansion of the Medicaid Buy-In program, and more spending for home care workers.

The costliest proposal would be to allow state government employees to engage in collective bargaining, according to the report. If implemented, it would cost the state over $ 1.87 billion itself. Collective bargaining allows unions to ensure exclusive representation in contract negotiations over a particular group of workers. This often leads to increased wages and benefits for workers and, consequently, increased costs for taxpayers.

Virginia lawmakers passed legislation that allows local governments to approve collective bargaining rights for their workers, but failed to pass proposals that would grant those rights more broadly to public workers. The report noted that McAuliffe signaled his support for providing these protections to all state employees.

Other proposals include increasing teacher compensation, investing in mentorship programs, expanding the Virginia Preschool Initiative, requiring sick leave and paid medical leave, reducing the student debt burden; implementing a state reinsurance program and providing financial assistance to help people pay health care premiums. .

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