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CNBC says Virginia's the second best state for business

CNBC released its ranking of best states for business, placing Virginia second. The Commonwealth topped the list 2009 and 2007, the first year of the network's ranking.

Virginia's still first on Forbes magazine's list of best states for business -- and has been for the past four years.

Virginia's favorable business environment is paying dividends in this economy, to the benefit of its residents, as evidenced by Virginia's low unemployment rate relative to the rest of the nation. The real estate market is expected to rebound as the economy improves.

Housing policy advisory committee wants your input

Gov. McDonnell has embarked on a mission to create the Commonwealth's first statewide housing policy. The policy is expected to guide the Commonwealth's approach to issues such as homelessness, affordable housing, workforce housing, economic development, healthy neighborhoods, effective coordination with transportation, environmental issues and other housing related opportunities.

New Residential Disclosure Form now available

In accordance with new laws passed by the Virginia General Assembly in 2010, the Virginia Real Estate Board (VREB) has updated the Residential Property Disclosure Statement to reflect a statutory notice requirement concerning wastewater systems. Please use the new form beginning July 1, 2010.

Virginia Realtors to gather for annual convention at the REal Show

The annual convention for Virginia Realtors, The REal Show will be held October 1-3 at the Virginia Beach Convention Center. Featured speakers will include legendary Washington Redskins quarterback JoeTheismann and Richard Bitner, managing editor of Housing Wire.        

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State negotiating to keep tolls low for Midtown Tunnel drivers

State officials are negotiating for lower proposed tolls with Elizabeth River Crossings, a private group that wants to expand the Midtown Tunnel. Officials put the cost of adding a second tube to the Midtown Tunnel, refurbishing the Downtown Tunnel and extending  the Martin Luther King Freeway at an estimated cost of $1.9 billion. Transportation officials say the proposed construction would fix two of the region's worst traffic bottlenecks.

Fairfax County School Board adopts $2.2 billion budget

The Fairfax County School Board passed a $2.2 billion spending plan, $35 million less than the current budget. The plan includes nearly $200 million in budget reductions and cost avoidances, including the elimination of 204.3 positions, nearly half of which are from central offices. Spending per pupil decreased by approximately $300 from last year.

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