The 2019 General Assembly session adjourned on February 24 after a few hiccups. Two weeks ago, I discussed the legislation that I passed. In this column, I will explain various budget actions we took.
First, unlike the Federal Government, our budget is balanced as required by the Constitution of Virginia. Next, the General Assembly needed to address modifications to our tax code to bring it up to speed with changes made by Congress with the Tax Cut and Jobs Act of 2018. This is usually labelled “conformity.”