Budget:
The Senate passed its budget amendment proposal that includes transformative investments to support working families, strengthen education, expand healthcare access, and protect Virginia’s communities.
IMMEDIATE TAX RELIEF:
• $977.8 million in direct tax rebates ($200 single/$400 joint filers)
• Increased standard deduction to $8,750 single/$17,500 joint filers
• Fully refundable Earned Income Tax Credit at 20% of the federal credit
EDUCATION & WORKFORCE:
• $1,000 bonus for teachers and support staff, plus a 3% salary increase
• $15 million for high-demand workforce credential training
• $15 million for need-based undergraduate aid
• $9 million for tuition assistance grants
• $25 million for early childhood education employer cost-sharing pilot
HEALTHCARE & FAMILY SUPPORT:
• $6.1 million for comprehensive maternal health initiatives
• $15 million for rental assistance pilot program
• 1.5% bonus for state employees, plus a 3% salary increase
COMMUNITY PROTECTION:
• $50 million for community flood protection and resilience
• $50 million for disaster mitigation in vulnerable communities
We will be in negotiations with the House and Governor's office to determine the final budget.