Virginia lawmakers have announced a proposed budget deal that includes tax cuts and pay boosts for state employees. The deal, which was unveiled by Senate Finance and Appropriations Committee Chair Janet Howell and House Appropriations Committee Chair Luke Torian, aims to provide relief for Virginia residents and workers who have been impacted by the COVID-19 pandemic.
The proposed budget deal includes a $250 million tax relief package that would provide rebates for taxpayers in the state. Additionally, the deal includes pay raises for state employees, including a 5% raise for teachers and other public employees, and a $1,000 bonus for state workers. Lawmakers hope that these measures will help to stimulate the economy and provide financial support to residents who have been struggling as a result of the pandemic.
The budget deal also includes funding for various other initiatives, including investments in mental health services, affordable housing, and workforce development programs. Lawmakers are optimistic that these investments will help to address some of the key challenges facing the state and provide resources for residents to succeed in the post-pandemic economy.
The proposed budget deal represents a bipartisan effort to provide financial relief and support to Virginia residents and workers. Lawmakers are hopeful that the measures included in the deal will help to jumpstart the economy and provide much-needed assistance to those who have been hardest hit by the pandemic. The proposal will now go to the full General Assembly for approval, and if passed, will help to shape the state’s budget for the upcoming fiscal year.
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