On February 3, the House Appropriations Committee and Senate Finance Committee met to report their respective budget proposals. VACo is reviewing the subcommittee reports, which provide an overview of the Committees’ priorities. Both Committees made significant changes to the introduced budget, many of which are attributable to decisions to depart from the Governor’s approach to the intersection of Virginia’s income tax structure with changes made in federal tax reform legislation passed at the end of 2017.
VACo will provide analysis in a future edition of Capitol Contact. The full House and Senate will debate their respective budgets on February 7.
VACo Contact: Katie Boyle