$1 billion in tax cuts: 4 things to know about the state budget deal
General Assembly budget leaders have reached an agreement that ends a six-month standoff on revisions to Virginia's two-year budget.
WHAT IT DOES AND DOES NOT INCLUDE
The deal includes more than $900 million in tax cuts, almost all of it through one-time payments of $200 to individual taxpayers and $400 to couples filing jointly.
It does not include cuts in the corporate and individual tax rates that Gov. Glenn Youngkin had proposed, but it would raise the standard deduction for taxpayers who don't itemize their deductions by half of what the governor had sought and would eliminate the age limit on a new exemption for military retirement income.
Youngkin said this week that he can live with a budget agreement that prioritizes one-time rebates over ongoing tax cuts, but expects to seek additional cuts in the two-year budget that he will propose in December.
Todd Gilbert
House Minority Leader Todd Gilbert, R-Shenandoah, says Democrats have "impugned" the governor and should not take offense when he criticizes their agenda.
The legislative watchdog agency is publicly disputing Gov. Glenn Youngkin's characterization of its work in a groundbreaking report it issued last year on state funding of K-12 schools.
In a ceremony marked by praise for bipartisan cooperation in the General Assembly and celebration of his administration's efforts, Gov. Glenn Youngkin signed a much-delayed state budget, with $1 billion in tax relief and boosts for education and mental health.
Virginians can save on qualifying items from school supplies, to clothing, to hurricane preparedness materials, such as chainsaws and generators.
Gov. Glenn Youngkin's proposal to cut income taxes and raise the sale tax didn't survive its first test in the General Assembly on Thursday, as a Senate panel recommended carrying over the legislation until next year.
Gov. Glenn Youngkin's proposal to cut income taxes and raise the sale tax didn't survive its first test in the General Assembly on Thursday, as a Senate panel recommended carrying over the legislation until next year.
The governor also says in an interview with Bloomberg TV that he's bracing for a mild recession next year.
Virginia’s basic goal of helping families receiving welfare become self-sufficient isn’t working, the Joint Legislative Audit and Review Commission said.
The U.S. Immigration and Customs Enforcement bureau that covers Virginia and Washington, D.C., has released three immigrants whose detention had become a point of conflict between humanitarian groups and immigration officials.
Before he was a lawmaker, Republican Bobby Orrock was a DJ. His earlier job could help him stay in his current one.
Christopher Darnell Jones Jr. is accused of opening fire on sleeping and unsuspecting fellow students inside a chartered bus.
