Another sign Stoney is running?
Also: A budget deal seems close according to sources.
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Almost a budget deal?
Sources on both sides of the aisle tell Virginia Scope that a budget deal is imminent. The governor addressed the joint money committees Wednesday morning and sources from both parties seem optimistic that a deal will be reached soon. Details are still sparse during this process that has been kept completely out of public view. If talks do not go off the rails, the agreement could be reached as soon as one day this week.
The Richmond Times-Dispatch has coverage of what some of the deal would include:
What the Virginia budget deal being considered would include - RTD
by Michael Martz
The tentative deal would rely on one-time taxpayer rebates instead of the package of permanent income tax cuts for corporations and individuals that Gov. Glenn Youngkin has advocated, but the total reduction in state revenues would approach $1 billion. The centerpiece of the deal is one-time payments of $200 for individual taxpayers and $400 for couples that the Senate pushed as an alternative to the proposed cuts in the corporate and top individual tax rates that Youngkin first pitched in December.
Budget leaders were hopeful of reaching an agreement on Tuesday night, with the governor preparing to address the assembly money committees on Wednesday about varying estimates of state revenues available to pay for spending in the revised budget and the economic forecast for the next two-year spending plan that he will introduce in just four months.
