Money & Jobs

Virginians may soon be able to count on a permanent sales tax holiday for school and emergency preparedness supplies in August of each year. The sales tax holiday first became official in Virginia in 2006, and Democratic legislation to extend the sales tax break was passed in 2017. The original legislation had a sunset date…

The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even before Wednesday’s announcement. Exactly how much revenue depends on which version of the new regulation is adopted.

Good news, Virginia: You might be getting some extra cash soon! According to state officials, over $900 million in state tax rebates will go out to Virginia taxpayers in the coming weeks. Individuals who filed their state taxes in 2022 will receive a $200 rebate, while couples filing jointly will receive $400.  Virginians are receiving…

Virginia’s November elections will not only determine which political party controls state government, but also how state money gets spent – and who it helps and hurts. Just before the upcoming legislative session, when the candidates elected next month will assume their offices and carry out the work of the people, Gov. Glenn Youngkin will…

As arguably the state hardest-hit by federal government shutdowns, Virginia is no stranger to fallout of fiscal dysfunction in Congress. But some of Virginia’s representatives in Washington are working to protect hardworking Virginians from the threat of congressional budget impasses. Virginia is second only to California in terms of residents holding federal jobs; specifically, 144,000…

After six months of negotiations, Democrats finally won most of the concessions they sought on state budget amendments, and this week, Gov. Glenn Youngkin officially signed them into law. But when will Virginians see the benefits?

The proposed regulation would require employers to pay overtime to their salaried workers who are in executive, administrative, and professional roles, and make less than $1,059 a week, or $55,068 a year for full-time employees.

The administration’s show of support comes as unprecedented worker organizing — from strike authorizations to work stoppages — hit multiple industries this year, including, transportation, entertainment, hospitality and health care.

At the beginning of the year, a new law cutting Virginia’s grocery tax to 1% took effect. Now, lawmakers in both parties are vying for credit as they run for reelection.