Hincker: Give some of the surplus back to taxpayers : compar

Hincker: Give some of the surplus back to taxpayers


Larry Hincker
The Virginia General Assembly begins a special session Aug. 2 to apportion $4.3 billion in federal stimulus dollars (does this economy need more stimulus?).
In the meantime, the state’s coffers are overflowing. It just finished the fiscal year with about $2.6 billion in excess tax collections. That will figure into the governor’s final budget proposal later this year.
I’ve seen myriad suggestions for additional spending “to address critical needs”… like the state’s depleted unemployment trust fund, more for public education and health, expanding affordable access to internet service, assisting poor Virginians with housing and utility payments, or maybe reviving hard-hit industries, such as restaurants, hotels and tourist attractions (isn’t that why we got those federal COVID bucks?).

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