Daily Archives: 25 March 2010

Virginia Introduces $3550 Speeding Ticket

EDIT: This law was repealed.

Repealed by Acts 2008, cc. 656 and 657, cl. 1, effective March 27, 2008. (source)

Thanks, Elizabeth.

Virginia motorists convicted of minor traffic violations will face a new, multi-year tax beginning July 1. Led by state Delegate David B. Albo (R-Springfield), lawmakers slipped a driver responsibility tax into a larger transportation funding bill signed by Governor Tim Kaine (D) in April. Albo, a senior partner in the Albo & Oblon, LLP traffic law firm, can expect to see a significant increase in business as motorists seek to protect their wallet from traffic tickets that come with assessments of up to $3000 in addition to an annual point tax that tops out at $700 a year for as long as the points remain.

“The purpose of the civil remedial fees imposed in this section is to generate revenue,” the new law states. (Virginia Code 46.2-206.1)

Driving as little as 15 MPH over the limit on an interstate highway now brings six license demerit points, a fine of up to $2500, up to one year in jail, and a new mandatory $1050 tax. (Read more from thenewspaper.com)

The crooks are in charge.

St. Louis Fed president: Recovery is on Track

The U.S. economic recovery is on track and labor data should look better in March and beyond, but more bank failures will occur this year than in 2009, said James Bullard, president of the Federal Reserve Bank of St. Louis.

“The situation is improving,” Mr. Bullard said in an interview Monday, adding that “the recovery is on track.” Household spending is looking better, and business investment is picking up, he added.