Chamber Blog

Top 3 Legislative Wins from Virginia General Assembly

Posted by Kyle Allwine,February 25, 2019

Blog PhotosOn Sunday afternoon, the Virginia General Assembly concluded its 2019 session. Throughout the entire 47 day session, we advocated for our members and this region’s economy. As a result of those efforts, here are our top three legislative wins and their impact on our members, their customers, and this region. This year, our top three priorities are transportation, workforce development, and access to healthcare. The bills below represent the top three legislative wins with the greatest impact on our members.

HB2529 Hugo | Income tax, state; itemization, standard deduction. Guarantees $976 million in tax relief over the next two years by providing $110 and $220 refunds to individuals and couples later this year, and increasing the state standard deduction by 50% next year. All revenue from the TCJA will be placed in a Taxpayer Relief Fund.

Reduces the tax burden on Virginia families and businesses, which gives families financial freedom to invest, buy, or save more of their hard earned wages.

HB1700 Jones, S.C. | Budget Bill. The final budget agreement is conservative and balanced, unwinds the Governor’s proposed tax increase, and eliminates over $1 billion in proposed spending. The budget includes a five percent teacher pay raise and $57 million to freeze tuition.

Invests in our teachers, who teach the next generation of our workforce. Higher pay will lead to better recruitment and better retention of the best teachers for Virginia’s students.

HB2490 Rush | Tech Talent Investment Program and Fund; created, report. Creates a grant program to assist qualified public institutions of higher education, defined in the bill, in reaching, by 2039, a goal of increasing, in the aggregate, the number of bachelor's and master's degrees awarded in computer science, computer engineering, and closely related fields by at least 25,000 degrees.

Workforce development remains a top issue for employers in the Fredericksburg region. A major job growth sector for our region is technology, especially with the assets of the Naval Base at Dahlgren and the Marine Corps Base at Quantico. This bill will incentivize colleges and universities in Virginia to prepare students in this high-demand area.

- Kyle Allwine, Community Advancement Manager