Virginia revenue growing more slowly with new budget still a work in progress As the General Assembly faces a likely overtime or special session in agreeing on a new two-year budget, state revenue collections grew more slowly last month because of a softening labor market and i...

If lawmakers send rebate checks, they should reach the families who need them most.

TCI’s Ashley Kenneth explains why low-income Virginians shouldn’t be left out — and why strengthening the refundable #EITC matters. ⬇️

#TaxFairness4Va

Graphic says a single parent with three children working as a home health aide could save $1,115 from eliminating the grocery tax, a larger standard deduction, a child tax credit, and a stronger Earned Income Tax Credit, helping pay for groceries, utilities, or savings.

Graphic says a one-income family with toddlers earning about $34,410 could save $1,314 through a larger standard deduction, no grocery tax, child tax credits, and a bigger Earned Income Tax Credit, helping during expensive parenting years.

Graphic states a married mid-career public-servant couple (teacher and firefighter) could save $226 from a larger standard deduction and eliminating the grocery tax, providing steady savings that help with rising costs and long-term security.

Graphic asks “Who benefits most?” and lists families with children, lower-income households, and many middle-income workers. Text explains requiring wealthy residents to pay more of their fair share would help Virginia invest in services families rely on and reduce other costs. TCI logo shown.

Tax policy isn’t abstract — it shows up in grocery bills, child care, and monthly budgets.

These examples illustrate what key options could mean for Virginia households — who would also benefit from the wealthy paying their #FairShare.

#Affordability #TaxFairness4Va

Time to Reexamine Virginia’s Relationship with the Federal Tax Code - The Commonwealth Institute Virginia tax conformity debate: explore how aligning with federal tax changes affects state revenue and policy priorities.

#VaLeg must decide: mimic harmful federal tax changes in state code or protect our resources to #FundOurSchools, #HealthCare, and other shared priorities.

Our new report explains the debate ⤵️
#TaxFairness4Va #VaBudget

Do Virginia localities need a "local income tax?" Members of the General Assembly are about to start balancing the books for a new budget. They may consider a proposal that could bring more cash flow to localities across the state.

Localities need tools to raise revenue in a more fair way.

More options could help local governments invest in the needs of their communities and avoid raising other taxes that ask more of families with less.

#TaxFairness4Va

Meeting Local Needs with Fairer Local Taxes - The Commonwealth Institute Explore how increasing flexibility for local revenue in Virginia can promote tax fairness and help localities meet unique community needs.

#Virginia localities lack fair tools to fund schools, child care, and essential services.

Our new report shows how giving local govs more flexibility can boost #TaxFairness4Va and protect family budgets.

Details ⤵️