Va. Governor to give final budget proposal Friday

RICHMOND, Va. (WRIC) — Gov. Terry McAuliffe revealed his final proposal for the Virginia state budget for the next two years Friday.

The latest budget proposal comes at a time when the state is facing a budget shortfall of more than $1 billion.

McAuliffe is proposing to close the gap by collecting sales taxes from internet companies who have warehouses in the state.

The governor also proposed cutting funding to colleges and universities by five percent.

Earlier this week McAuliffe announced that his latest budget proposal will include a 1.5 percent, one-time bonus for state employees next year as well as $32 million in new funds that will help improve mental health care and substance abuse treatment in the commonwealth.

8News reporter Mark Tenia will be at the joint meeting when McAuliffe addresses the state legislature with his final proposal at 9:30 a.m. this morning.

This is a developing story. Stay with 8News online and on air for the latest updates.

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