Government and Politics
April 12, 2024
From: Virginia Governor Glenn YoungkinGovernor Glenn Youngkin on Monday, April 8th, released a package of 242 budget amendments to find common ground with the General Assembly on a new, two-year budget. The proposed package eliminates all tax decreases and increases, includes a $21.3Bn record investment for K-12 education, and provides $3.2 billion in new spending on health and human resources. We can find Common Ground for the Commonwealth and deliver a structurally balanced, clean budget, on time.
Governor Youngkin’s Proposed Package Reflects the Spirit of Compromise, Maintaining the Vast Majority of Spending Priorities Passed by the General Assembly – Without Raising Taxes.
The Governor proposed $1 billion in tax relief in his introduced budget, while the budget passed by the General Assembly included tax increases that would cost Virginians $2.6 billion in total. Common Ground – and common sense – says we can write a clean budget without tax increases or tax decreases. The Common Ground budget maintains the key spending priorities proposed by the General Assembly, including:
Of the over $1 billion in priority spending items introduced by the Governor and cut by the General Assembly, the Common Ground budget restores only $230 million.
Click Here for more information.
Economic Development: The General Assembly removed $224 million of economic development priorities, including $185 million in Business-Ready Sites funding, $20 million in deposits to the Transportation Partnership Opportunity Fund, $7.5 million for Inland Port Development, $6 million to support Energy Innovation, and more. The Common Ground budget restores $50 million to Business-Ready Sites funding.
Good Government: The General Assembly removed $205 million in funding to improve the quality and cost-of-delivering government services. This includes $150 million to bring critical IT systems into the 21st century and reduce patchwork maintenance spending, and $50 million to support demolition of the Monroe building, one the oldest and most expensive buildings for the Commonwealth to maintain. The Common Ground budget restores $35 million for Monroe’s demolition, allowing the Commonwealth to avoid new-build expenses and realize long-term run-rate savings.
Education Innovation: The General Assembly removed $203 million in funds that support K-12 and higher education innovation, including $185 million in lab school partnerships with higher education, local school divisions, and private employers, $10 million for the Bioscience Health Research cluster in higher education, and $8 million in EISTC tax credits that support school choice for low-income Virginians. The Common Ground budget restores $85 million in lab school funding, $38 million for state assessment transformation, and fully reclaims EISTC funding.
Childcare: The General Assembly removed $25 million in Childcare programming, including the capital incentive grant fund aimed to build capacity in childcare deserts, and a digital wallet innovation that allowed employers to make contributions to their employees’ childcare needs.
School Safety: The General Assembly removed $28 million in school safety initiatives, including funding to local school divisions for the provision of School Resource Officers (SROs), and grants to Higher Education to promote campus security. The Common Ground budget restores $6 million for SROs.
Resiliency: The General Assembly removed $87 million in resiliency funding, including $49 million for Coastal Storm Risk Management and $25 million for the Resilient Virginia Revolving Loan Fund. The Common Ground Budget restores $5 million to support Battlefield Preservation initiatives.
Workforce: The General Assembly removed $70 million in workforce initiatives, including $20 million to support high-school attainment of high-demand industry recognized credentials, and $15 million in workforce recruitment campaigns. The Common Ground Budget restores $1.2 million for a career placement pilot at community colleges.
Public Safety: The General Assembly removed $43 million in public safety support, including $18 million for law-enforcement officer recruitment and bonus compensation, and $15 million in local law enforcement crime reduction grants. The Common Ground Budget restores $0.6 million to support local emergency services relief in Sussex.
Mental Health: The General Assembly removed $39 million in mental health programming, including $14 million in telehealth funding for local school divisions and $6 million at institutions of Higher Education.
Veterans: The General Assembly removed $12 million in funding to support the operations of two new care veterans care centers. The Common Ground Budget restores $1.5 million to continue the Veteran Hub transformation and workforce initiatives in Petersburg.
The Common Ground Budget incorporates additional General Assembly priorities, including local and regional investments.
Click Here for more information.