RICHMOND, Va. โ Governor Glenn Youngkin is sharing his thoughts on the budget the General Assembly recently passed.
โThis budget moves us backward,โ Youngkin said.
Youngkin said the current budget needs a lot of work because it negatively impacts Virginians.
โThatโs 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 thereโs a $2 billion increase for sales tax and $600 million in potential new taxes on electricity bills.
โI 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 NBAโs Washington Wizards and the NHLโs Washington Capitals to Alexandria and give Virginia its first major pro sports teams.
โThis 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.