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Virginia Budget Crisis Looms

Virginia Budget Crisis Looms

Published 4 days ago
Description

Virginia races against a July 1 deadline to avert a government shutdown, with a bitter standoff over tax breaks for data centers threatening to derail the two-year budget. The House wants to preserve exemptions that let tech firms dodge taxes on equipment, while the Senate seeks to scrap them — risking a billion dollars in lost revenue for schools, public safety, and other vital services. Lawmakers like Senator Louise Lucas argue citizens’ needs are being sidelined, while Delegate Sam Rasoul remains hopeful a deal is imminent. But with time running out and meetings canceled, concerns mount over rushed negotiations and hidden pitfalls, as lawyers quietly explore last-minute workarounds to prevent a shutdown.

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