VEDA 2016 FALL CONFERENCE September 21 September 23 ...€¦ · Virginia Legislative Update....
Transcript of VEDA 2016 FALL CONFERENCE September 21 September 23 ...€¦ · Virginia Legislative Update....
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September 21 – September 23
VEDA 2016 FALL CONFERENCE
Virginia Legislative Update
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PRESENTATION OVERVIEW
Recap 2016 General Assembly
VEDA Off-Session Work
Upcoming Elections
2017 General Assembly Session
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2016 GENERAL ASSEMBLY
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2016 GENERAL ASSEMBLY
Over 3200 bills & resolutions introduced
811 bills sent to Governor for his signature; 220 bills were continued; 1141 bills failed
The Governor amended 57 bills & vetoed 32 bills
Over 1100 budget amendments to the Governor’s introduced budget
The Governor offered 30 amendments to the state budget bill that passed the General Assembly
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MAJOR ISSUES
2016 GENERAL ASSEMBLY
Economic Development
Budget
Education
Workforce Development
Health Care
Virginia Supreme Court Justice
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Workforce HB 66 & SB576
International Trade HB 858
JLARC Review VEDP HJ7
Economic Development Infrastructure Act of 2016 SB748
2016 GENERAL ASSEMBLY
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GO Virginia
Virginia Growth and Opportunity Board and Fund HB 834 & SB 449
Virginia Collaborative Economic
Development Act HB 846 & SB 459
2016 GENERAL ASSEMBLY
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Retail Sales and Use Tax exemption for data centers - HB 872 & SB 64
Virginia Research Investment Fund &
Committee - HB 1343
2016 GENERAL ASSEMBLY
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2016-2018
BIENNIUM BUDGET
The Governor proposed a $109 billion
biennial budget
The GA passed a $105 billion state budget
$ earmarked for Economic Development
Eliminated from the introduced budget:
Proposed Corp Income Tax ($64 million)
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2016-2018
BIENNIUM BUDGET
COF*
$20,750,000 FY17 FY15 $10,000,000
$20,750,000 FY18 FY16 $10,000,000
*($6.4M earmarked over the biennium)
Business Ready Sites Pilot Program
$750,000 FY17
$1.25M FY18
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2016-2018
BIENNIUM BUDGET
Enterprise Zones
$13.1M FY17 FY 15 $12,150,000
$13.1M FY18 FY 16 $12,150,000
VJIP
$5,669,833 FY17 FY15 $5,669,833
$5,669,833 FY18 FY 16 $5,669,833
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2016-2018
BIENNIUM BUDGET
GO Virginia
$5.5 FY17
$30M FY18
Virginia Biosciences Health Research Corp.
$2.5M FY17
$5M FY18
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VEDA OFF-SESSION WORK
Go Virginia
JLARC
Broadband & Wireless Authorities
Monthly DHCD Meetings
Quarterly C&T Meetings
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UPCOMING ELECTIONS
Special Elections in 2016:
Potentially 5 House seats and 4 Senate seats
2017 Elections:
Virginia will hold Democratic and Republican Primaries on June 2017 for Statewide offices.
In November 2017 All 100 House seats are up for re-election, as well as the state wide offices.
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General Assembly begins at noon on January 11,
2017 (45 day Session)
Scheduled to adjourn on February 25, 2017
Virginia is facing a $1.5 Billion budget shortfall
Health Care – COPN & Medicaid Expansion
Economic Development – GO Virginia & Other
incentives
Living wage & minimum wage legislation
2017 GENERAL ASSEMBLY SESSION
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QUESTIONS/COMMENTS