Virginia Budget State Employee Raise 2024

Virginia Budget State Employee Raise 2024. The new budget deal includes state funding to pay for 3% raises for teachers and school support personnel in both years of the budget. For those opting for the new tax regime, the standard deduction for salaried employees to be increased from ₹50,000 to ₹75,000.

The approved budget includes a 3% salary increase for classified state employees, adjunct faculty, and graduate teaching assistants in both fiscal years 2025. Virginia collected $1.2 billion more in tax revenues than it projected in the last fiscal year, giving the state plenty of money to pay for additional.