Virginia Gov. Robert F. McDonnell continues to advance the cause of getting the federal government to make a change in the tax code that will allow historic tax credits to be used in the renovation of aging public school buildings. From a press release:
Governor Bob McDonnell has directed Virginia Secretary of Education Laura Fornash to put together a comprehensive inventory of all existing Virginia public school buildings, including those not currently being used for instruction. The governor has asked for the report in order to gain a more accurate picture of the current state of the Commonwealth’s educational infrastructure, and to demonstrate how a change to the Federal Historic Rehabilitation Tax Credit, to allow for its use in the renovation of older school buildings for continued service as public educational facilities, could benefit the Commonwealth specifically, and the nation in general.
The report will have specifics in it, including “the age, location and current use of each facility.”
It’s due on his desk Nov. 1 — right before the general election.
A couple of points:
1. This inventory will put hard data behind the theory of how the historic tax credits could be used to improve Virginia’s education infrastructure. It will also, critically, tell us where these older facilities are. There may be a few surprises in store.
2. It’s timing will make this a late-breaking issue in the campaign. The Cuccinelli campaign has advanced an education reform platform of its own, and the tax credits are now a part of it. In the campaign’s last days, they will have specific on where the infrastructure need exists.
3. Don’t forget the jobs component. This is a job creator. And with private money.
[Continue reading Norman Leahy’s post at Bearing Drift.]
Norman Leahy blogs at Bearing Drift. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.