The compromise includes a sales-tax holiday and higher spending on education and mental health, Virginia lawmakers announced Friday.
“The deal is one that provides Virginians with additional tax relief and unprecedented investments in education, natural resources, and behavioral health. It is a win-win for the citizens of Virginia,” according to a statement released by the trio of legislators who had hashed it out: House Appropriations Chairman Barry D. Knight and Senate Finance and Appropriations C0-Chairs Janet D. Howell and George L. Barker .
The spending plan Youngkin proposed for this year’s General Assembly session sought $1 billion more in new tax cuts, including cuts in corporate and top individual tax rates. The Republicans who narrowly control the House followed Youngkin’s lead, but the Democrats with a slim majority in the Senate wanted more money invested in public services.The General Assembly adjourned Feb. 25 without a budget and the impasse stretched past the start of the new fiscal year on July 1.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Virginia Sports Betting 2023 - Legal Virginia Sportsbook AppsLegal Virginia sports betting takes place online and in person. Learn about Virginia's 13 online sportsbooks & claim the best promo codes right here.
Read more »
Chicago police show up at Montrose Harbor as Friday Morning Swim Club canceledOrganizers of the Friday morning Swim Club announced that it would be canceled for this Friday.
Read more »
Lawsuit settled over widespread abuse of former students at shuttered West Virginia boarding schoolA lawsuit that alleged widespread sexual, physical and mental abuse at a now-closed West Virginia boarding school for troubled youths has been settled for about $50 million
Read more »
Lawsuit settled over widespread abuse of former students at shuttered West Virginia boarding schoolA lawsuit that alleged widespread sexual, physical and mental abuse at a now-closed West Virginia boarding school for troubled youths has been settled for about $50 million.
Read more »
Virginia K-12 District Rejects Rules to Shield Kids from TransgenderismThe Virginia Beach School Board voted down a resolution to adopt the state's policies on how to deal with transgender students.
Read more »
West Virginia governor appoints chief of staff's wife to open judge's positionWest Virginia Gov. Jim Justice has appointed the wife of his chief of staff to a vacant judge’s position.
Read more »