Monday, May 13, 2013

Virginia's Gov Bob McDonnell tops Inside Business 2013 Power List

Gov. Bob McDonnell tops this year's Power List for the second year in a row. The last year of his four-year term has included seeing the state unemployment rate fall to 5.3 percent in March, the lowest since pre-recession. 
McDonnell was behind a push to privatize the Port of Virginia, although his spokesman made it clear that McDonnell was for either privatization or the restructuring of Virginia International Terminals, the state-owned, quasi-private company that has managed the port since the 1980s. 
[...]
McDonnell's biggest accomplishment in the past year, without a doubt, is the passing of his transportation bill, which many called "historic." 
It will provide $6 billion for transportation projects over the next five years. It eliminates Virginia's 17-cent-per-gallon gas tax yet instates a 5.6 percent wholesale gas tax in Hampton Roads and Northern Virginia, and raises the sales tax from 5 percent to 5.3 percent.
Read the full story HERE.

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