Va. lawmakers have struggled to reach agreement on a state budget since the General Assembly adjourned Feb. 25 without a deal. Negotiations collapsed Tuesday.
RICHMOND — A dispute over tax cuts proposed by Gov. Glenn Youngkin derailed budget talks Tuesday among key House and Senate lawmakers, jeopardizing his administration’s goals for some $3.6 billion in excess state funds.The collapse of negotiations, which had seemed on a slow but encouraging track since the General Assembly adjourned Feb. 25 without reaching a budget deal, comes as Virginia nears the start of a new fiscal year on July 1 under a spending plan adopted last year.
House budget negotiators had already backed down on Youngkin’s call for a corporate tax cut, participants said, but the impasse came over other proposed tax cuts that would reduce state revenue on a recurring basis.The lack of a deal creates uncertainty, particularly for school divisions that have not known what sort of increases or pay raises to expect for next year. But schools and state agencies will continue to operate as usual under the two-year budget passed in 2022. It’s the $3.
He said he told his Senate counterparts — Senate Finance and Appropriations co-chairs Janet D. Howell and George L. Barker — that if they went along with those tax cuts, the Senate could have a similar amount for its priorities, such as colleges, schools and mental health services. Barker acknowledged sharing concerns with Knight that striking a deal before the June 20 Democratic primary could hurt him in his race with Stella Pekarsky, who had painted him as too willing to compromise with Republicans.“Barry put together a proposal back in February and he presented it,” Barker said. “I listened to what he had to say, I understood what he was saying but after he finished, I did not say anything.
He said he stayed mum about those concerns in earlier meetings with Knight because he was still mulling things over.“I wanted time to think through things and make sure I was making the right decision. I wanted to make sure we weren’t doing something that has at least the potential for jeopardizing things long term,” Barker said.
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