The Budget Conference Committee Report (aka Conference Report) was published this morning (2/23). Here are the highlights for us.
474 #4c
The budget compromise, if signed by the Governor, eliminates the proposed 1% salary bonus and increases the approved 2% salary increase to 3% effective July 1, 2019.
https://budget.lis.virginia.gov/amendment/2019/1/HB1700/Introduced/CR/474/4c/
69 #1c
In addition, pursuant to our budget request the compromise includes the additional funding for our Career Development Program (CDP) increasing the salary supplement to 9.3% to conform with that provided under other constitutional officers’ career development plans.
https://budget.lis.virginia.gov/amendment/2019/1/HB1700/Introduced/CR/69/1c/
Lastly, budget amendment Item 255 #1s Machinery and Tools Tax Report (language only) was stricken.
This amendment would have established a working group for the purpose of presenting a legislative plan and budget by the 2020 General Assembly Session that would allow Virginia to require all localities to assess a “zero” rate on a manufacturer’s machinery and tools for the first five years the equipment is put into service. The funds to reimburse local governments would be provided by the state using new sales and use tax revenues derived from requiring remote sellers to collect sales tax. Funds would be distributed to localities following a reimbursement method similar to the method used for the Communications Sales and Use Tax Trust Fund.
I will send one final update after the veto session (April 3rd).
Please remember to send a thank you to the following members of the Budget Conference Committee:
House
(C) Jones, Landes, Peace, Knight, Garrett, Torian, and Sickles
Senate
Norment, Hanger, Howell, Saslaw, Newman, Ruff, and Wagner
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