Youngkin signs bipartisan budget that boosts tax relief and school funding in Virginia

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Virginia Gov. Glenn Youngkin has signed a bipartisan state budget that provides $1 billion in tax relief and boosts spending on public education and mental health.

that reduced premiums this year. The commission recently warned that because lawmakers hadn’t acted to effectively renew the program, it was headed for suspension in 2024.

Because Virginia operates on a two-year budget cycle, with the full plan adopted in even years and tweaked in odd years, this year’s delay has not impacted state government services or payroll. But it led to consternation from school districts, local governments and other interests impacted by the state’s taxation and spending policies.

Del. Barry Knight, a Virginia Beach Republican who chairs the House Appropriations Committee, said: “Most importantly, we did all of this while also giving back hard-earned tax dollars to Virginia’s families.” The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

 

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