General Assembly Extends Session;
Transportation
Funding Fix Uncertain
The General Assembly has extended their session by
three days in hopes of hammering out a budget
compromise.
House and Senate budget conferees have agreed on
using conservative revenue growth estimates as the
foundation for building the budget; however, they remain
deadlocked on issues of funding for new programs,
bonding for new state construction, and how
much money to take out of the Commonwealth's "Rainy
Day Fund."
On the transportation funding front, legislators are
still bickering over whether to try and fix the Northern
Virginia and Hampton Roads regional funding packages
now, or return for a special session.
Since the Supreme Court found the regional funding
package unconstitutional, Northern Virginia is unable to
collect almost $1 million a day in regional
transportation funding.
The debate over a fix for transportation funding focuses around
whether to attempt a statewide fix for transportation
funding and the regional packages, or just fix the
regional packages.
Some legislators want to fix the regional packages by
simply allowing each local government in the region, at
its discretion, to adopt new taxes and fees for
transportation funding. Others want to insure a regional
approach by having the General Assembly impose new taxes
and fees on a regional level.
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