Monday, August 28, 2023

VA budget teams reach deal, including tax rebates

When General Assembly budget leaders announced an agreement on Friday that ends a six-month budget standoff , they outlined $1 billion in tax cuts, almost all of it through one-time payments of $200 to individual taxpayers and $400 to couples filing jointly.

In a one-page statement, they also touted investments in public education — both K-12 and higher education and money in financial reserves to cushion against economic uncertainty.

Publisher: Richmond Times-Dispatch
Date: 2023-08-25T16:29:00-0400
Author: MICHAEL MARTZ Richmond Times Dispatch
Twitter: @rtdnews
Reference: (Read more) Visit Source



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