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2024 Virginia Budget Highlights

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Taxes

  • No income tax cuts
  • No expansion of sales tax to include digital purchases

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Education

  • 3% salary increase for teachers, school staffers, and state employees
  • $370 million for At-Risk Add-On, benefiting economically disadvantaged students
  • $72 million for English learners
  • Education funding viewed as inadequate by groups like Fund Our Schools and LEA

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Where RGGI funds go in Virginia

  • 50% to Affordable and Special Needs Housing Fund, to help construct highly-efficient affordable housing
  • 45% to Community Flood Preparedness Fund - dedicated funding for flood resilience
  • 5% administrative fees

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RGGI in the budget

  • Language attempting to get Virginia to rejoin RGGI was dropped
  • Funding for flood resilience and energy efficiency programs instead will come out of the general fund ($100 million)

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Virginia Military Survivors and Dependents Education Program (VMSDEP)

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  • Program to help disabled veterans pay for their children and spouses’ college tuition
  • Program cost grew 445% from 2019 to 2023. Students using the program grew by more than 300%
  • New requirements will require participants to live in Virginia, first seek other forms of financial aid, and only allow the program to be used for undergrad degrees
  • Youngkin convened task force study; may call legislators back for session to address

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Other

  • Metro funding: $144.7 million additional funding for Metro
  • Not in budget:
    • Sports arena for Caps/Wizards
    • Skill games

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Veto Session Highlights

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Voting Rights

Vetoed:

  • Rejoin ERIC (Sickles / VanValkenburg)
  • Allow use of senior living facility ID as form of voter ID (Reid)
  • Standards and guidelines for determining number and location of voter satellite offices (Srinivasan)

Signed:

  • Allow people with all disabilities, not just physical disabilities to use curbside voting (Bennet-Parker / Subramanyam)

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Workers/labor

Vetoed:

  • Minimum wage (Ward/Lucas) - Increase minimum wage to $13.50 by 2025 and $15.00 by 2026
  • Paid family and medical leave (Boysko)

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Reproductive Health

Vetoed:

  • Right to contraception (Price / Hashmi) - health care providers have a right to prescribe contraceptives and people have a right to obtain them
  • Insurance companies must cover birth control ( King / Hashmi)
  • Unconscious bias and cultural competency training (Hayes / Locke)
  • Prohibition on extradition of people who come to Virginia for an abortion from another state where the procedure is illegal (Favola)
  • Protect medical professionals who provide abortion care (King / Carroll Foy)
  • Bereavement leave for miscarriage (Rasoul)

Signed:

  • Prevents electronic menstrual data from being subject to search warrants, subpoena, or court orders (Watts)

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Education

Vetoed:

  • Boost teacher pay to national average or higher by 2027-2028 (Clark / Lucas)
  • Additional local sales tax to support school construction and modernization (Rasoul / McPike)

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Gun Safety

Vetoed:

  • 30 pieces of gun safety legislation, including:
    • Assault weapons ban (Helmer/Deeds)
    • Five day waiting period for gun purchases (Subramanyam)
    • Close the boyfriend loophole (McClure / Perry)
    • Penalties for ghost guns (Simon / Ebbin)

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Energy/Environment

Vetoed:

  • Clean Energy Innovation Bank (Lopez / Surovell)
    • CEIB would operate as a State Energy Financing Institution (SEFI)
    • Fund the bank with $10 million in order to access $300 million in federal loans authorized by the Inflation Reduction Act
    • Loans can be used for projects like solar panels on schools, methane capturing on landfills, electric transmission system upgrades, offshore wind, repurposing oil and gas pipelines for hydrogen, nuclear generation projects, etc.
    • State funds 3-5% of a project, while the U.S. Department of Energy finances 80%
    • Because of veto, Virginia’s $300 million share of the federal loans will now likely go to other states

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Confederacy-related license plates and tax breaks

Vetoed:

  • Repeal license plates honoring Sons of Confederate Veterans and Gen. Robert E Lee (King)
  • Eliminate tax exemptions for national and Virginia division of United Daughters of the Confederacy, Confederate Memorial Literary Society and Stonewall Jackson Memorial (Askew / Graves)

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Budget Primer

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Where does the money come from?

General fund (32.8%)

Non General fund (67.2%)

2020-2022 biennium; about $141.3 billion

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Where does the money go?

General Fund

Non General Fund

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How is Virginia’s Budget adopted?

Budget for 2024-2025 biennium adopted 5/13. Fiscal year starts July 1st.