Va. lawmakers reshape Youngkin’s final budget with focus on affordability, no new taxes
The Virginia General Assembly’s money committees on Sunday rolled out sweeping amendments to former Gov. Glenn Youngkin’s proposed two-year, $212 billion state budget, with both the House and Senate advancing plans that emphasize affordability, backfill federal funding gaps and avoid new taxes as they reshape the Republican’s final spending blueprint.
The Senate Finance Committee’s Senate Bill 30 would end a data center sales tax exemption and set the stage for the state to potentially reap millions in revenue from the industry.