RICHMOND, VA, 20 AUGUST 2019: Senate Majority Leader Thomas K. Norment, Jr. (R-James City), Co-Chairman of the Senate Finance Committee, today issued the following statement regarding Governor Ralph S. Northam’s address to the Senate Finance, House Appropriations, and House Finance Committees:
“Today, the Governor reaffirmed the strength and stability of Virginia’s finances and fiscal outlook. I found it most striking that the positives he stressed – our AAA bond rating, teacher pay raises, and the tax relief coming to Virginians – were all Republican legislative initiatives.
“The fiscal stability we are experiencing, with stronger reserves, healthy revenues, and sustainable spending, are the by-products of a budgetary process that has been guided by Republican majorities since 2012. Our insistence on conservative and responsible budgeting are paying dividends – both figuratively and literally.
“This fall, every Virginian who pays income taxes will receive a rebate from the Commonwealth. These payments, conceived and championed by Senate Republicans, will put more money in the pockets of our citizens and aid in the continued strengthening of our economy. While the Governor sought to make additional payments to individuals who don’t pay income taxes, we know that Virginia’s families are best situated to determine how to spend their money.
“Going forward, it is imperative and essential that Virginia maintain a responsible and conservative approach to budgeting. Republicans are, by far, the best equipped to deliver on that promise.”