Virginia Fy 2024 Budget. Glenn youngkin on wednesday unveiled a sweeping budget proposal that he hopes will define his legacy as virginia’s 74th. The governor proposed $1 billion in tax relief in his introduced budget, while the budget passed by the general assembly included tax increases that would cost virginians.
Unlike many states, school boards in virginia do not have taxing authority. The governor’s proposed operating budget for fiscal year 2025 is $92.6 billion, up from the forecast $87.5 billion.