Skip to main content
Updating results

Layne

The economic damage the coronavirus shutdown has done to the state budget could be significantly less than the $1 billion revenue loss previously estimated for the fiscal year that ends June 30. However, Virginia’s top finance official warned that local governments dependent on sales and meals tax revenues could face a bigger fiscal challenge.

Virginia's local governments say they face economic calamity unless the state delays new legislation - including an increase in the minimum wage, permission to allow collective bargaining for local government employees and expanded eligibility for workers' compensation - that the General Assembly enacted this year before the coronavirus pandemic shut down many businesses and put thousands of Virginians out of work.

Virginia’s top finance official says the state is likely to lose $1 billion in revenue in each year of the pending two-year budget — and that’s the best scenario, assuming significant aid from the federal government for workers and business owners who have lost their livelihoods because of the coronavirus pandemic.

Age 82, passed into the arms of his savior, Lord Jesus Christ on July 5, 2019, surrounded by his loving family. He was the third child and onl…

Get up-to-the-minute news sent straight to your device.

Topics

Breaking News

News Alert