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Twenty-eight Virginia school divisions are getting a break on what they owe the state.
Governor Tim Kaine says Virginia saved more than $28 million by refinancing Public School Authority bonds. The savings will be given to localities as a one-time credit against their payment next July.
Prince William County will see the biggest savings, more than $5 million. Stafford County's credit will be more than $3 million. Loudoun County will save approximately $430,000. The Literary Fund will also benefit, receiving more than $4 million in savings.
The credits come in the midst of budget pressures at the state and county levels. Kaine says his administration will continue to look for refinancing opportunities.
Rebecca Blatt reports...
James Gandolfini Dies; 'Sopranos' Actor Was 51
Actor James Gandolfini, 51, has reportedly died. Variety magazine reports that he suffered a "sudden stroke." The cause of death is not yet known with certainty, but HBO says the actor may have suffered a heart attack.And The Winner Of The World Food Prize Is ... The Man From Monsanto
The prize is sometimes called the "Nobel Prize for food and agriculture." And this year's winners include Monsanto executive Robert Fraley, a pioneer in genetically engineered crops. If there's a single person who personifies the company's controversial role in American agriculture, it's probably Fraley.Meet The New Governor: Sharply Partisan And Upwardly Mobile
For years, governors were considered the most pragmatic figures in politics. Now, they're using their states to run ideological experiments.Microsoft Responds To Fan Outcry, Changes Xbox One Policies
Microsoft has changed policies regarding Internet connection and used game capabilities for its upcoming Xbox One gaming console. The company says it is responding to feedback from consumers.Leave a Comment
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