Governor Glenn Youngkin ceremonially signed the Virginia State Budget, which delivers on his promise to provide tax relief for Virginian families, increase funding for law enforcement, and support the development of lab schools, among other key initiatives of his Day One Game Plan. “Every day we have worked hard to build a more prosperous Virginia, with greater opportunity for future generations,” said Governor Glenn Youngkin.
“Together, we enacted historic tax cuts and made record investments in education and public safety,” said Delegate Barry Knight, House Appropriations Committee Chair.
Governor Glenn Youngkin today announced the number of employed Virginians expanded to more than 4.2 million workers in May 2022. Virginia has added nearly 80,000 since February. Virginia’s unemployment rate held steady at 3 percent in May. This continues to be below the national rate, which was unchanged at 3.6 percent. The Commonwealth’s labor force participation rate, measuring the proportion of the civilian population age 16 and older that is employed or actively looking for work, rose by 0.3 percent to 63.8 percent in May.
Governor Glenn Youngkin is urging Virginians to prepare now for this year’s hurricane season, which began today and lasts through November 30. Forecasters at the National Oceanic and Atmospheric Administration (NOAA) are predicting another above-average hurricane season this year with a likely range of 14 to 21 named storms (winds of 39 mph or higher), of which 6 to 10 could become hurricanes (winds of 74 mph or higher), including 3 to 6 major hurricanes (category 3, 4 or 5; with winds of 111 mph or higher). NOAA provided these ranges with a 70% confidence.
Today Governor Glenn Youngkin received the Department of Education’s report “Our Commitment to Virginians: High Expectations and Excellence for All Students.” The education report builds upon Governor Youngkin’s direction in Executive Order One issued on his first day in office. The Governor affirmed his guiding principles to address troubling data trends and outlined policy recommendations to restore excellence in education in Virginia.
Today, Governor Glenn Youngkin made the following statement on the nationwide baby formula shortage:
“My administration remains engaged with industry leaders on their production capabilities, and the Virginia Department of Heath is working to ensure that there are adequate supplies of baby formula statewide. Additionally, my administration has asked the FDA to utilize all resources to get the U.S. plant back into production as quickly as possible. Simply put, acquiring baby formula shouldn’t be a challenge in the United States”
Governor Glenn Youngkin made the following statement on Boeing’s announcement that the company will headquarter in Arlington, Virginia:
“Boeing is one of America’s great pioneering businesses and we are thrilled the company has decided to headquarter in Virginia. The decision to call Virginia home shows that the Commonwealth is the premier location for aerospace companies.”
Governor Glenn Youngkin today praised delegates in the House Finance Committee for their important procedural vote to move his gas tax proposal to the House Appropriations Committee, following testimony from everyday Virginians about the impact of rising prices on their budgets.
“Today’s vote was an important step in moving our proposal to lower gas prices for Virginians feeling pain at the pump for too long,” said Governor Youngkin. We know there’s plenty of money available to bring some relief to Virginians now as we head into these busy summer months.”
Governor Glenn Youngkin signed HB1239, sponsored by Delegate Phillip A. Scott, into law, empowering localities to cut car tax rates and prevent huge tax hikes driven by driven by dramatic increases in used vehicle values.
“With prices soaring on the necessities that families and individuals use every day, Virginians are in dire need of relief to their wallets,” Governor Youngkin said.
Governor Glenn Youngkin announced that he would send a bill to the General Assembly in the upcoming special session to suspend Virginia’s gas tax for 3 months. The Governor proposes using over $437 million in unanticipated transportation revenues to support the gas tax holiday. Data released by the Bureau of Labor Statistics this week showed a 38.8% surge, year over year, in the gasoline index, and inflation on all items is at a 40-year high.
“These rising gas prices are hurting Virginians, and we need to do something about it,” Governor Youngkin said.
Governor Glenn Youngkin offered the following statement on the General Assembly’s adjournment:
“I’m encouraged with the recent progress on the budget and I’m grateful to the members on both sides of the aisle for their efforts. We need to finalize tax relief, lab schools, and other bipartisan priorities including investing in education, funding law enforcement, and addressing our behavioral health crisis, among others.