Virginia Budget Includes Some Wins for Both Businesses and Workers

Virginia’s FY 2023-2024 budget includes some wins for both businesses and workers, according to pro-business organization NFIB Virginia and pro-labor organization Virginia AFL-CIO. General Assembly negotiators have emphasized the compromise nature of the budget, but flashy proposals on tax relief, education, and law enforcement have gotten most of the attention.

“Governor Youngkin and legislators agreed on many issues that are important to Virginia’s small business, including full funding of the commonwealth’s unemployment insurance program, but we’re disappointed that so some key issues didn’t make the final cut, like the three-month suspension of the fuel tax,” NFIB Virginia State Director Julia Hammond said in a press release.

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