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Virginia Budget Leaders Reach ‘Agreement in Principle’ for Deal, More State Headlines
Budget leaders say the plan is a reasonable compromise, but they still have not settled how to tax data centers for added revenue.
- Virginia budget negotiators Sen Louise Lucas and House Appropriations Chair Del Luke Torian announced an agreement in principle on a new two-year spending plan on Friday.
- Disagreements persisted over how to tax data centers to raise revenue for state services. Lucas led a public crusade to end the 16-year-old sales tax exemption, which currently costs the state up to $1.9 billion in forgone revenue.
- The conference report includes a consumption fee for data centers expected to generate $600 million over the budget period. Del Sam Rasoul said, "Most of the budget had been figured out," with data center taxation as the final sticking point.
- Lucas and Torian stated the agreement "reflects our shared commitment to making Virginia more affordable for families." The plan makes historic investments in schools, healthcare access, and economic opportunity while maintaining the Commonwealth's fiscal foundation.
- If both chambers approve the conference report, it will proceed to Governor Abigail Spanberger's desk for signature before the June 30 budget deadline. The state has never entered a fiscal year without a budget, making timely passage critical.
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The leaders of the Virginia Senate and House of Delegates reached a "agreement of principle" on the state's biennial budget last Wednesday, 12 days after the current spending plan expires on June 30. If the General Assembly does not approve a new budget before that date, Virginia would face its first government shutdown in modern state history. House Speaker Don Scott called delegates back to Richmond on Monday, June 22nd to vote. The Senate wil…
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Total News Sources19
Leaning Left1Leaning Right1Center10Last UpdatedBias Distribution84% Center
Bias Distribution
- 84% of the sources are Center
84% Center
C 84%
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