Va. lawmakers reshape Youngkin’s final budget with focus on affordability, no new taxes

Va. lawmakers reshape Youngkin’s final budget with focus on affordability, no new taxes

The Virginia General Assembly’s money committees on Sunday rolled out sweeping amendments to former Gov. Glenn Youngkin’s proposed two-year, $212 billion state budget.

10 things to know about the new state budget proposals

Sunday was budget day in Richmond, the day where the budget-writing committees in each chamber release their proposed rewrites of the spending plan that Gov. Glenn Youngkin proposed shortly before he left office. Virginia’s budget cycle is quirky like that. What happens next is that, after some procedural actions, a select group of legislators — the “budget conferees” — will work out the differences, then send the budget to our new governor, who…

Lawmakers reshape Youngkin’s final budget with focus on affordability, no new taxes

House and Senate money committees advance dueling plans that would end a major data center tax exemption while backfilling federal cuts and boosting schools and health care ahead of conference talks.

Data Center Tax Breaks Divide Lawmakers in Virginia Budget Talks

Virginia Democrats are heading into budget negotiations with a major unresolved issue: the massive data centers that have reaped $1.6 billion in sales tax exemptions in the most recent fiscal year.