McAuliffe plans could cost each Virginia family $5,400: Report
Former Virginia Governor Terry McAuliffe, who is running for the next Commonwealth governor, has proposed a variety of policy changes that could cost the average Virginia family about $ 5,400 each, according to a new report.
The report, released by the Thomas Jefferson Institute open market, analyzed McAuliffe's plans for education, business, entrepreneurship, COVID-19 and healthcare. It concluded that Virginia operating budget spending increased by more than $ 8.3 billion, the general fund increased by more than $ 7.6 billion, and the non-general fund increased by more than $ 678,000 would.
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It's not clear how the state would pay for the new programs, but if the costs were fully offset by taxes, it would be the largest tax hike in the state's history.
"McAuliffe suggests using and retrieving federal funds to pay for its proposed policies," the report said. “When this information was publicly available, the savings for the General and Non-General Funds were assessed. McAuliffe did not propose a new source of income, neither taxes nor debts. "
According to the report, proposals related to COVID-19 spending would mainly consist of one-off expenses related to vaccination efforts, contract tracing and drug manufacturing. Other plans that would consist of one-off expenses include full funding of some of the 2019 proposed quality standards and community college funds.
Most funding proposals, however, would create long-term spending programs that would continue to cost Virginia taxpayers throughout his tenure and long after. These include collective bargaining for government workers, accelerated minimum wage increases, the expansion of the Medicaid buy-in program, and more spending on home care workers.
The most expensive proposal would be to allow state government employees to participate in collective bargaining, the report says. If implemented, this would cost the state more than $ 1.87 billion. Collective bargaining enables unions to have exclusive representation for a specific group of workers in contract negotiations. This often leads to higher wages and benefits for workers and, as a result, increased costs for taxpayers.
Virginia lawmakers passed a law allowing local governments to approve collective bargaining rights for their workers, but failed to pass proposals that would broaden those rights to public service workers. The report found that McAuliffe has signaled its support for providing these protections to all government employees.
Other proposals include increasing teacher salaries, investing in mentoring programs, expanding the Virginia Preschool Initiative, requiring paid sick days, reducing student loan burdens, establishing a state reinsurance program, and providing financial aid to the people help to be able to afford the health premiums.
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Tags: States, News, Terry McAuliffe, Virginia
Original Author: Tyler Arnold, The Center Square
Original Location: McAuliffe Plans Could Cost $ 5,400 Each Virginia Family: Report
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