State Government rss

Taking the Bogey Out of Government-Run Golf(1)

February 13, 2014

How many golf courses does the Commonwealth of Virginia own? No, that is not a ‘how many people does it take to screw in a light bulb’ question. Owning and operating golf courses is not a core government function. It is effectively competing against private enterprises that usually do the job at a lower cost […]

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Fostering Regional Collaboration Case by Case

For reasons rooted in local identity and entrenched political interest, Virginians are unlikely to consolidate their local governments into units aligned with the metropolitan regions they serve. But it is not impossible to imagine governments partnering regionally on specific projects. A new study by the Joint Legislative Audit and Review Commission, “Encouraging Local Collaboration through […]

State Retirement System: Investments Solid for Now

In the waning months of service as one of nine Virginia Retirement System trustees, I find myself in simpatico with Rod Smyth, Chairman of the VRS Investment Advisory Committee, and Chief Investment Strategist for Riverfront Investment Group. Smyth describes VRS assets: “stocks (domestic and international), a wide spectrum of bond/credit (from Treasuries to high yield), […]

Virginia Public Employees Fare Better than Private Employees

Virginia has largely, although not completely, avoided the trap of public-sector compensation that in many states far exceeds that in the private sector—a contributing factor in excessive spending in those states and at the national level. A recent analysis for the Thomas Jefferson Institute for Public Policy and other statewide policy organizations, conducted by economists […]

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