Imagine a merchant refusing to hand over the change when a customer paid with a $20 bill for a $17.50 item. Virginians would be irate if a restaurant, bar, grocery store, or other private establishment decided to keep the change because the business might โneedโ the extra money in the future. Yet the Virginia General Assembly is attempting to do the same thing on a much larger scale.
The latest preliminary figures from the Virginia Department of Revenue put the current general fund budget surplus at more than $5.1 billion for fiscal year 2023, which ended June 30. This is more than double the $1.94 billion surplus the commonwealth posted in 2022. This huge surplus is money left over after every single item in the state budget was fully funded under the amended 2022 Appropriation Act, including education, health and welfare, transportation, public safety, and every department and program funded with state tax dollars.
This unprecedented revenue surplus was largely due to higher-than-expected payroll withholding of individual income taxes (which are still not indexed to inflation), as well as corporate and sales taxes.
In other words, Virginia taxpayers were overcharged $5.1 billion over the past two years and $3 billion more than the commonwealthโs own 2023 revenue forecast. And yet some members of the General Assembly, all of whom are up for re-election in November, donโt want to give any of it back. (more…)


by Kerry Dougherty




by Kerry Dougherty

by Jon Baliles 
Kingsolver, Barbara. Demon Copperhead.ย Harper, 2022

