Virginia taxpayers would be able to use higher standard deductions in preparing their income tax returns next year under a new analysis by the state tax department. But Senate Democrats question the underlying calculation and warn against trusting Gov. Glenn Youngkin s revenue estimates in an ongoing budget battle over his proposed $1 billion package of tax cuts.
Delaying agreement on the budget would allow negotiators to consider revenue results in April and May, when Virginians pay their state income taxes. But a delay also would buy time politically, with some Democratic and Republican incumbents facing primary challenges on June 20.
The Virginia Department of Education acknowledged Tuesday that an error in a mathematical formula it provides to local K-12 school divisions led some schools to.