Competing state budgets the General Assembly’s House and Senate money committees released on Sunday do not look much like the spending plan that Gov. Glenn Youngkin introduced almost two months ago.
The income tax cuts and sales tax increase that Youngkin proposed are gone, replaced by raises for state workers and teachers, and a big investment in K-12 schools, Medicaid and mental health services.
Youngkin’s proposal to create a state authority to finance a $2 billion professional sports and entertainment district in Alexandria — which would become home to the NBA’s Washington Wizards and the NHL’s Washington Capitals — is in the House spending plan but not the Senate’s. The Senate plan also blocks additional money for the Washington-area subway system that is a priority for the House and a likely key to the arena project.
Read the full story in the Richmond Times-Dispatch.
