The following position paper was published by Partners for College Affordability and Public Trust, a sponsor of the Bacon’s Rebellion blog. ISSUE: Performance-based (also known as outcomes-based) Funding for Virginia’s Public Colleges and Universities. PROBLEM: Until a little over a decade ago, nearly all state funding for higher education was...
A recent article on the forthcoming White House infrastructure plan quoted an Administration spokeswoman as saying it would address “rebuilding our nation’s crumbling infrastructure.” That frequent characterization is misleading, as pointed out in an excellent new report from the RAND Corporation, “Not Everything Is Broken: The Future of U.S. Transportation...
Editor’s note: The U.S. Supreme Court on Monday announced it will accept the Louisiana ESA frog case for briefing, argument and decision. “The essentially boundless authority granted the federal government by the Fifth Circuit [U.S. Court of Appeals] to control local land and water use under the guise of species...
If I’ve learned anything through my life—whether growing up on my family’s fifth generation hog farm, or through my time representing the voters of an diverse rural, suburban and urban congressional district for seven terms in the U.S. House of Representatives—it’s this: what’s good for the goose is good for...
A new study by the Thomas Jefferson Institute shows that the overall finances of Virginia hospitals have substantially improved between the numbers published in 2016 and those in December 2017. More important is the bigger picture: Since 2012, hospital profits have risen from $1.58 billion to $2.15 billion, hospital net...
The Thomas Jefferson Institute for Public Policy recently released a new study showing the impact of cigarette tax increases on local government budgets.The study, The Impact of Cigarette Tax Increases on Local Government Budgets (here), uses budget data published by local jurisdictions as part of the budget process. This is...
With a near 50/50 balance of power between Republicans and Democrats in the General Assembly, Governor-elect Ralph Northam will be in a much better position than his predecessor Terry McAuliffe to enact Democratic priorities. And what are those priorities? As he told NBC 4, Medicaid expansion tops the list. Said...
Sometimes it’s hard to believe that this expansion is already more than 8 years long–only 18 months short of the record 120-month expansion that occurred from March 1991 to March 2001. A few analysts are concerned about a recession occurring over the next year or two. From our view, the...
Jefferson Journal: Cigarette Tax Increases Rarely Produce Promised Revenue
Increased cigarette taxes rarely produce the revenue expected by local governments. Fairly consistently, the tax increases produce a decrease in revenue, don’t meet expectations, miss budget projections or simply produce mixed results and often turn flat or negative in the years following a tax increase.
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