September 21 – September 23

VEDA 2016 FALL CONFERENCE

Virginia Legislative Update

PRESENTATION OVERVIEW

Recap 2016 General Assembly

VEDA Off-Session Work

Upcoming Elections

2017 General Assembly Session

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2016 GENERAL ASSEMBLY

2016 GENERAL ASSEMBLY

Over 3200 bills & resolutions introduced

811 bills sent to Governor for his signature; 220 bills were continued; 1141 bills failed

The Governor amended 57 bills & vetoed 32 bills

Over 1100 budget amendments to the Governor’s introduced budget

The Governor offered 30 amendments to the state budget bill that passed the General Assembly

MAJOR ISSUES

2016 GENERAL ASSEMBLY

Economic Development

Budget

Education

Workforce Development

Health Care

Virginia Supreme Court Justice

Workforce HB 66 & SB576

International Trade HB 858

JLARC Review VEDP HJ7

Economic Development Infrastructure Act of 2016 SB748

2016 GENERAL ASSEMBLY

GO Virginia

Virginia Growth and Opportunity Board and Fund HB 834 & SB 449

Virginia Collaborative Economic

Development Act HB 846 & SB 459

2016 GENERAL ASSEMBLY

Retail Sales and Use Tax exemption for data centers - HB 872 & SB 64

Virginia Research Investment Fund &

Committee - HB 1343

2016 GENERAL ASSEMBLY

2016-2018

BIENNIUM BUDGET

The Governor proposed a $109 billion

biennial budget

The GA passed a $105 billion state budget

$ earmarked for Economic Development

Eliminated from the introduced budget:

Proposed Corp Income Tax ($64 million)

2016-2018

BIENNIUM BUDGET

COF*

$20,750,000 FY17 FY15 $10,000,000

$20,750,000 FY18 FY16 $10,000,000

*($6.4M earmarked over the biennium)

Business Ready Sites Pilot Program

$750,000 FY17

$1.25M FY18

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2016-2018

BIENNIUM BUDGET

Enterprise Zones

$13.1M FY17 FY 15 $12,150,000

$13.1M FY18 FY 16 $12,150,000

VJIP

$5,669,833 FY17 FY15 $5,669,833

$5,669,833 FY18 FY 16 $5,669,833

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2016-2018

BIENNIUM BUDGET

GO Virginia

$5.5 FY17

$30M FY18

Virginia Biosciences Health Research Corp.

$2.5M FY17

$5M FY18

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VEDA OFF-SESSION WORK

Go Virginia

JLARC

Broadband & Wireless Authorities

Monthly DHCD Meetings

Quarterly C&T Meetings

UPCOMING ELECTIONS

Special Elections in 2016:

Potentially 5 House seats and 4 Senate seats

2017 Elections:

Virginia will hold Democratic and Republican Primaries on June 2017 for Statewide offices.

In November 2017 All 100 House seats are up for re-election, as well as the state wide offices.

General Assembly begins at noon on January 11,

2017 (45 day Session)

Scheduled to adjourn on February 25, 2017

Virginia is facing a $1.5 Billion budget shortfall

Health Care – COPN & Medicaid Expansion

Economic Development – GO Virginia & Other

incentives

Living wage & minimum wage legislation

2017 GENERAL ASSEMBLY SESSION

QUESTIONS/COMMENTS