The Weight of Affordability in Virginia
This November, Virginians entrusted me with the role of their 75th governor, casting their votes for me with the largest margin of victory for a Democrat in modern history. Central to this victory were the voices of families across our commonwealth who prioritized one significant issue: affordability.
From seniors struggling to afford their prescription medications to young professionals unable to find reasonably priced housing, the affordability crisis touches every demographic. Business leaders echoed this sentiment; they are increasingly worried that rising costs will drive Virginia's best workers and talent out of the state.
More than 70% of Virginians believe there isn't enough housing available that they can afford to rent or buy.
A Comprehensive Strategy
These financial pressures are not just inconveniences—they shape the very lives of Virginians and our economy's future. The U.S. Census Bureau indicates that close to half of college students in Virginia depart within five years post-graduation due to the high costs of living. If talented individuals cannot afford to establish their lives here, we risk stunting economic growth, lowering tax revenues, and diminishing Virginia's productivity over time.
For these reasons, I am pledging my incoming administration's unwavering commitment to combat the affordability crisis. We need to attract and retain skilled workers, energizing our economy through actionable solutions. Virginia must be a place where people can not only find jobs but also afford to live and thrive.
Housing Solutions: A Blueprint for Change
Addressing the affordability crisis starts with ensuring every Virginian knows they can find a home that meets their needs and budget. My administration will dismantle outdated policies that hinder new building efforts and will advocate for more mixed-income developments. By establishing a revolving loan fund, we can incentivize localities to protect affordable housing. This is not merely a policy but a moral obligation—to ensure every Virginian has a place to call home.
Healthcare: A Right, Not a Privilege
Access to affordable healthcare is crucial for a thriving workforce. Recent threats against the Affordable Care Act and cuts to healthcare resources pose serious risks to Virginians. My administration will explore feasible solutions to ensure every Virginian has access to affordable coverage, targeting exorbitant costs that burden patients. We will also address predatory practices that inflate prescription drug prices.
Energy Costs: The Foundation of Economic Competitiveness
Affordable energy is critical. Virginians need stability and predictability in their energy bills. We will focus on enhancing energy generation capacity by supporting renewable energy initiatives, particularly our robust offshore wind prospects, and making solar energy more accessible. Our energy strategy will not only be environmentally sustainable but also economically viable, attracting businesses that prioritize cost-effectiveness and innovation.
High costs are not merely quality-of-life challenges; they dictate our economic competitiveness.
A Collaborative Approach for Future Success
Finally, as I assume the governorship, I understand that collaboration is essential. The challenges we face require collective solutions, transcending party lines. I am determined to work alongside anyone—be it business leaders or political counterparts—to ensure Virginia remains a competitive option for talent and businesses alike.
In conclusion, I urge all Virginians to join me in this critical endeavor. By lowering the cost of living, we empower people to take risks, develop new skills, and contribute meaningfully to our economy. I am dedicated to leading Virginia through this affordability crisis, committed to ensuring every citizen can aspire to not only survive but thrive.
Source reference: https://www.foxnews.com/opinion/im-new-virginia-governor-affordability-what-everyone-needs
