Peery alters Virginia revenue policy to fund eight month schools
Governor Peery pushes a revenue plan while opponents argue against tax increases. Senate finance chair Garrett and House finance head Hall support varied approaches, with federal aid eyed for eight month term and local delinquencies cited as fiscal pressure.
Governor Opposes Deficit Financing for Schools
The Governor urged no change to his revenue plan and resisted carrying over the current deficit to fund higher school appropriations. He questioned whether the deficit could be carried under Section 184 and insisted on a revenue plan to cover the added school funding. The revised Peery tax items left would raise about 312000, including 150000 from a five percent theatre tax and 162000 from taxing dividends of domestic corporations.
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