More than $1 billion from AIG flows into Virginia

aigThe AIG plot is thickening here in Virginia. According to the company’s announcement on March 15, public entities in Virginia were on the receiving end of more than $1 billion in payouts. That’s the second most of any state behind California. You can see a graph here.

According to the press secretary for Tim Kaine, that money did not flow to the state itself, bur rather to local $600 million went to an entity called the Capital Beltway Funding Corporation of Virginia created to build the 495 HOT lanes in Northern Virginia. Another $400 million is for funds earmarked for military housing improvements on bases in Virginia.

aigThe AIG plot is thickening here in Virginia. According to the company’s announcement on March 15, public entities in Virginia were on the receiving end of more than $1 billion in payouts. That’s the second most of any state behind California. You can see a graph here.

According to the press secretary for Tim Kaine, that money did not flow to the state itself, bur rather to local $600 million went to an entity called the Capital Beltway Funding Corporation of Virginia created to build the 495 HOT lanes in Northern Virginia. Another $400 million is for funds earmarked for military housing improvements on bases in Virginia.

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