Good news: Virginia is flush with cash.
State tax revenues have been unexpectedly robust — billions more than first anticipated — and that has Republicans and Democrats in Richmond at loggerheads over what to do with the money.
From the Virginia Mercury last month:
Virginia’s new governor marked his 30th day in office with a state tour meant to build support for his tax-cutting plans, which have gotten a mixed response in the politically split legislature.
Parts of it, such as a plan to give every Virginia taxpayer a one-time rebate of $300, have passed with strong bipartisan support. Other proposals, like eliminating the state’s grocery tax and suspending a scheduled increase in the gas tax, have been a tough sell in the Democratic-controlled Senate.
The budget remains in flux, with the state legislature adjourned until a special session is called, allowing lawmakers to work out their differences. While Republicans are calling for nearly $5.5 billion in tax cuts and rebates — plus, more recently, a temporary gas tax holiday — Democrats want more modest tax cuts, targeted to those with lower incomes, while boosting funding for priorities like education.
From the Richmond Times-Dispatch:
The House budget includes almost $5.5 billion in tax cuts and rebates, but the Senate continues to insist on deferring the centerpiece of the governor’s tax plan — the doubling of the standard deduction for income tax filers — until a joint subcommittee completes a comprehensive study of Virginia tax policy in the coming year. Doubling the standard deduction would reduce state revenues by $2 billion over two years.
The Senate has agreed to partial repeal of the 2.5% sales tax on groceries, but has balked at eliminating the 1% that goes directly to local governments and has approved a less generous tax exemption for military retirement income than the House. It also has approved smaller tax rebates this year than the House and rejected a 12-month rollback in the gas tax as meaningless to soaring prices at the pump.
In general, what do you think the state should do with its unexpected extra revenue, if you were to select one thing as Richmond’s top budget priority?
Good Thursday evening, Arlington. Let’s take a look back at today’s stories and a look forward to tomorrow’s event calendar. 🕗 News recap The following articles were published earlier today…
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Dreaming of small-town charm with big-city convenience? Look no further than 7156 Main St in Clifton, Virginia! Nestled just 30 miles from the heart of Washington D.C., this picturesque property offers the best of both worlds.
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Spring will be here before you know it, and art classes are a terrific way to welcome the season. We have some fresh new classes such as hand-building vases and flower arranging. Also on our roster are crocheting, knitting, printmaking, stitching, and sewing. Of course, you can’t go wrong with the basics: watercolor painting, gouache, oil painting, ceramics (including the wheel), sculpture, collage, drawing, and more. Classes start the week of April 1 and range from 3 to 7 weeks.
If you haven’t discovered Art House 7, this is a great time to check us out! We offer classes, workshops, open studios, and Art Nights throughout the year, as well as summer camps. We recently expanded our studio, and you can buy art supplies next door. We’re near the Lee Harrison shopping center, and free parking is outside our door. Ages 2 to adult.
5537 Langston Blvd., Arlington VA 22207
Having worked with the likes of Gary Numan, DJ Neidermeyer lends authenticity a go-go. Enough to satisfy even the purists.
The Renegade boasts all of the virtues of Arlington’s premier music venues while providing bar bites that rival most restaurants