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Governor Youngkin responds to General Assembly passed budget

RICHMOND, Va. โ€“ Governor Glenn Youngkin is sharing his thoughts on the budget the General Assembly recently passed.

โ€œThis budget moves us backward,โ€ Youngkin said.

Youngkin said the current budget needs a lot of work because it negatively impacts Virginians.

โ€œThatโ€™s reducing the cost of living in Virginia,โ€ Youngkin said.

Youngkin said the budget the General Assembly passed impacts Virginians by raising taxes, and claims thereโ€™s a $2 billion increase for sales tax and $600 million in potential new taxes on electricity bills.

โ€œI firmly believe Virginians are overtaxed and we have worked on that over the last two years,โ€ Youngkin said.

The budget approved Saturday excludes many of the priorities Youngkin included in a proposal he submitted in December which included a $2 billion development district with a new arena to lure the NBAโ€™s Washington Wizards and the NHLโ€™s Washington Capitals to Alexandria and give Virginia its first major pro sports teams.

โ€œThis is the biggest economic boost in the commonwealth, 30,000 jobs and $12 billion in economic boost, and that economic boost flows through the entire commonwealth, which includes I-81,โ€ Youngkin said.

The governor said there is work that needs to get done before finalizing the budget.

He plans to meet with General Assembly leaders to negotiate a bipartisan deal when the session reconvenes in mid-April.