General Assembly budget leaders and Gov. Glenn Youngkin have reached a compromise on the next two-year state budget that would use an additional $525 million in state revenues to pay for Democratic spending priorities — including raises of 3% each year for state employees and teachers — without raising taxes and crossing the Republican governor’s red line for a potential veto.
House Appropriations Chairman Luke Torian, D-Prince William, confirmed on Thursday afternoon that assembly budget negotiators had reached a deal with Youngkin that they hope to approve on Monday in a special session that would last one day instead of three.
Read the full story in the Richmond Times-Dispatch.
