Gov. Ralph Northam is asking state lawmakers to approve a budget plan to gives raises to teachers, tax breaks for families making up to about $50,000, and socks away hundreds of millions of dollars into savings accounts.
The Democratic governor presented his state spending plan Tuesday to members of the Republican-controlled General Assembly.
Northam says the state has a unique opportunity to make long-needed investments in affordable housing, clean-water projects and other areas thanks to a projected windfall in state taxes caused by last year’s federal tax overhaul.
The governor wants to expand tax credits for low-income workers. Republicans have advocated returning more of the projected windfall to taxpayers.
Lawmakers will take up the budget proposal when the legislative session starts in January.