Governor Tim Kaine today released the state’s official revenue forecast and announced measures to address the shortfall in a speech to the Joint Money Committees. The Governor’s proposed budget amendments are available at dpb.virginia.gov/budget/buddoc09/index.cfm.
Archives: ‘Top Stories’
Governor Kaine Announces Revenue Reforecast, Plan To Address Shortfall: Shortfall For The Biennium Approximately $2.9 Billion[From: From Richmond, Top Stories]
Virginia Commerce Bancorp Receives $71 Million Prefferred Stock Investment Under Treasury Capital Purchase Program[From: Top Stories]
Dec. 12, 2008, Virginia Commerce Bancorp, Inc. (the “Company”), (Nasdaq: VCBI), the parent company of Virginia Commerce Bank, announced that today it completed the sale and issuance of $71,000,000 of a new series of its preferred stock to the United States Department of the Treasury. The Treasury’s investment was made pursuant to the Capital Purchase Program established under the Emergency Economic Stabilization Act. The Company also issued to the Treasury a warrant to purchase 2,696,203 shares of the Company’s common stock at an exercise price of $3.95 per share.
Alexandria City Council Enacts Ordinance To Simplify Zoning Approvals For Specified Small Businesses[From: City Hall, Top Stories]
On Saturday, Dec. 13, City Council enacted an ordinance that changes zoning regulations for certain small businesses in the City of Alexandria. The changes will simplify the process for businesses to obtain zoning approval for building uses such as small commercial schools, childcare centers, and small restaurants in certain locations. Previously, these uses were subject to review and approval through a formal hearing process and required the submission of a Special Use Permit. Under the new regulations, some of these uses can now be approved as either permitted or administrative uses, rather than requiring a Special Use Permit application.
The efficiency audit for the Department of Parks, Recreation and Cultural Activities is complete and, if all of the recommendations are implemented, there could be an annual savings of $665,000. Maryland-based Matrix Consulting Group conducted the audit over the past several months and presented their recommendations to the Alexandria City Council at the Dec. 9 legislative meeting.
While The College Board released Advanced Placement test results in August, the Alexandria City Public City School system made them available to the public and to the School Board late last month. Results show an increase in the number of students enrolled in AP courses at T. C. Williams High School but minority students’ scores continue to lag far behind those of their white counterparts.
After nearly a year of scrutiny, the Alexandria City Council voted last night to reorganize boards and commissions, cutting away those bodies that have outlived their usefulness and sharpening the missions of others. The City has 77 boards and commissions on which more than 800 people volunteer their time.
Since 1994, 81 people have been murdered in the city of Alexandria. All but 12 of those cases have been solved, a closure rate of 85 percent, one of the highest in the region. Last Saturday, friends and family members placed luminarias along Mt. Vernon Avenue to celebrate the holiday season and to remember Nancy Dunning, who was murdered in her Del Ray home five years ago. She has not been forgotten but what of the other 11 victims?
Alexandria Police have noticed an emergence of “Phishing” phone calls through the City. The phone calls attempt to obtain credit card information from residents.
Last night the Army gave Alexandrians their first look into the base realignment and closure (BRAC) development that will bring 6,400 Washington Headquarters Services employees to Alexandria’s West End by September 2011. Construction will begin next month on the Mark Center property which is located on the corner of Seminary Road and North Beauregard Street.