The 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.
