Budget & Revenue
Statement: Governor Youngkin’s Outgoing Budget Cuts Health Care, Fails to Provide Needed Resources in K-12 and More
Today, Ashley Kenneth, President and CEO of The Commonwealth Institute for Fiscal Analysis (TCI), released the following statement on Governor...
New Report: Greater Revenue-Raising Flexibility Could Help Local Governments Invest in Shared Priorities
Greater flexibility would help Virginia’s localities invest in schools, housing, and transportation while easing the strain on families As Virginia’s...
Meeting Local Needs with Fairer Local Taxes
When our communities are well funded, we can all thrive. Virginia’s cities and counties are tasked with running services that...
Policy Choices to Protect and Increase Investment in Virginia Communities
To make sure every community in Virginia is a good place to live, work, and raise a family, we must...
As Budget Pressures Mount, Lawmakers Can Raise Significant Revenues and Protect Families by Updating Virginia’s Upside-Down Tax Code
As federal support declines, a new report highlights how fairer tax policies can help Virginia avoid harmful cuts and invest...
Tax Policy in Virginia
Originally published Sept. 2021; last updated Nov. 2025 When we invest together in the foundations that benefit all of us,...
New Report: Virginia Can Raise $992 million with New Wealth Proceeds Tax
Enacting a state tax on proceeds generated by wealth, such as capital gains, dividends, and passive business income, through a...
Trump’s Signature Budget Bill to Cost Virginia Families More Each Year
Although some costs remain unknown, federal cuts to SNAP alone are expected to cost Virginia up to $355 million in...
Impacts of Recent Federal Bill (OBBB) on Virginia’s Budget
Virginia’s budget is crucial for investing in our communities and building a Virginia where everyone can thrive. In addition to...