News Stories Tagged "Economy"

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As Candidates Woo Tax and Traffic Foes, Specifics of Road Proposals Remain Elusive

Wednesday, July 29, 2009

The transportation crisis in Virginia has gotten so bad that highway officials have eliminated 1,400 projects, closed 18 rest stops and cut $2 billion in construction funds. Read story and 1 comment »

Real Estate Agent Is Charged With Mortgage Fraud

Wednesday, July 15, 2009

An Ashburn real estate agent has been charged with several counts of mortgage fraud after helping more than 100 people buy houses they couldn't afford and defrauding lenders of about $50 million, the Loudoun County sheriff said yesterday. Read story and 8 comments »

Tax Revenue Drops 9.3 Percent, Kaine Says

Tuesday, June 16, 2009

Virginia budget numbers continue to erode as tax revenue falls in the down economy. Gov. Timothy M. Kaine (D) announced yesterday that state revenue collections have dropped 9.3 percent this year, eclipsing an estimated drop of 7.3 percent. Read story and 1 comment »

Va. Golf Club Built to Cater to Affluent Opens to All

After Failing to Attract Enough Members, Exclusive Presidential Bought and Remade Into Public Course

Tuesday, May 19, 2009

Fred Kent had always wanted to take a few swings at the members-only golf course in Ashburn named the Presidential. Like other Northern Virginia golfers, he admired its rolling hills, bunkers and myriad water hazards amid the skyscrapers and office parks of the Route 28 corridor. Read story and 13 comments »

Kaine Orders Further Budget Cuts as Recession Drags On

Tuesday, May 12, 2009

Gov. Timothy M. Kaine said Monday that the financial stress facing Virginia appears to be worse than was predicted earlier this year and that state agencies might be forced to cut an additional $225 million to keep the books balanced through the financial crisis. Read story and 1 comment »

Up Next on N.Va. Transit: Planning for Everything

Officials Propose Array of Projects

Thursday, May 7, 2009

With construction to expand Metro to Dulles International Airport finally underway, the region's political leaders have turned their attention to the next frontiers of Washington area transit: new bus lines everywhere, trolleys in Alexandria and Arlington County, and rail lines to Centreville, Mount Vernon and Prince William County. Read story »

McAuliffe Will Create Jobs, Bill Clinton Says

Monday, April 27, 2009

Former President Bill Clinton rallied hundreds of Democrats downtown Monday, telling the crowd that his best friend Terry McAuliffe should be elected the next governor of Virginia to get the economy back on track. Read story and 2 comments »

Happy Hour and a Harley Help Weather Recession

Leesburg Tavern Regulars Look Out for One Another

Thursday, April 23, 2009

It's the end of the workday and the Leesburg courthouse is bathed in yellow sunlight. The guys who ride Harleys are drinking beers in a bar whose motto, in neon, reads: "Better off here than across the street." Read story and 7 comments »

Leesburg Adopts Leaner Budget

$94 Million Plan Reduces Spending

Wednesday, April 15, 2009

Two years ago, Leesburg officials braced themselves for the coming economic downturn. The town government froze vacant positions, reduced contracted services and established a rainy-day fund that has reached $1.4 million. Read story »

Pay Cuts Sharpen Family's Focus

Spenders Become Savers to Protect Their Home and Children

Wednesday, April 15, 2009

One in a Series on How the Recession is Touching Lives. Read story and 108 comments »

Local, State Budget Woes Chip Away at Federal Dollars Aimed at Education Reform

Monday, April 13, 2009

Educators across the country are counting on a federal stimulus windfall to prevent teacher layoffs and improve schools. But while Washington is giving, some state and local governments are taking away. Read story and 3 comments »

Loudoun Arts Feeling Economic Crunch

Friday, April 10, 2009

While the worst economic downturn in a generation is causing families and businesses to tighten their purse strings, local artists are brainstorming ways to stay afloat. Read story and 3 comments »

Assembly Rejects $125 Million for Expanded Jobless Benefits

Thursday, April 9, 2009

A divided General Assembly narrowly rejected $125 million in federal stimulus money Wednesday that would have provided additional unemployment benefits to thousands of jobless Virginians. Read story »

AIG's Troubles Could Hurt Va. Development

Firm's Backing May Further Impede Stalled Sterling Project

Wednesday, April 8, 2009

The Northern Virginia developers of a sprawling town center in Sterling used to boast about their financial backing from insurer American International Group. Now, that once-prized affiliation is causing a few headaches. Read story and 6 comments »

Recession Budget Cuts Services, Raises Tax Rate

But Average Bill Will Drop by $279

Tuesday, April 7, 2009

Loudoun County taxpayers will see a 10 1/2-cent increase in their property tax rate this year and reduced services at schools, libraries and other agencies under a budget approved Tuesday by the Board of Supervisors. Read story and 30 comments »

State's Economic Problems Emerge as Major Force in Campaign

Thursday, April 2, 2009

The economic crisis is never far away as the four candidates for governor campaign across Virginia, and two of them yesterday provided a look at proposals they're offering in response. Read story »

Property Tax Hike Gets Initial Approval

Rate Would Be Region's Highest

Tuesday, March 31, 2009

The Loudoun County Board of Supervisors informally approved a 1061/27-cent increase in the property tax rate Monday night, a move that would give Loudoun residents the highest rate in the region. Read story and 31 comments »

Nonprofits Downsize Ahead of Funding Cuts

Social Service Groups Face Sharp Drop in County Support

Sunday, March 29, 2009

Several nonprofit social service groups in Loudoun County are cutting costs and trimming budgets as they prepare for steep drops in local government funding at a time when demand for their services is on the rise. Read story »

A Trashed Economy Foretold

Landfill Levels Have Been Sinking

Saturday, March 14, 2009

Along with the stock market and the foreclosure rate, a less-heralded barometer has signaled the arrival of hard times: the landfill. Read story and 1 comment »

Supervisors Finalize Stimulus Wish List

Qualifying Projects Cost $291 Million

Wednesday, March 4, 2009

Loudoun County officials, in their bid for a share of the federal stimulus money that the state will distribute to local governments, have compiled a $378 million list of projects that qualify for the aid and sent it to the governor's office. Read story and 1 comment »

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