On Tuesday, there will be 3 Constitutional Questions on the ballot.
Shall Section 6 of Article X of the Constitution of Virginia be amended to authorize legislation that will permit localities to establish their own income or financial worth limitations for purposes of granting property tax relief for homeowners not less than 65 years of age or permanently and totally disabled?
Shall the Constitution be amended to require the General Assembly to provide a real property tax exemption for the principal residence of a veteran, or his or her surviving spouse, if the veteran has a 100 percent service-connected, permanent, and total disability?
Shall Section 8 of Article X of the Constitution of Virginia be amended to increase the permissible size of the Revenue Stabilization Fund (also known as the “rainy day fund”) from 10 percent to 15 percent of the Commonwealth’s average annual tax revenues derived from income and retail sales taxes for the preceding three fiscal years?
Virginia Right's view on the first 2 questions is....
These amendments are simply shifting the approval of these tax breaks from the Virginia Legislature to the local Board of Supervisors in each locality. If these measures shifted powers from federal to state or local level, they would be a good thing.
But all they are actually doing is allowing local Boards to bypass the oversight the Virginia Constitution put in place. Localities can still do these things now if they so decide, but they must seek approval from the state legislators. This is a wise check and balance and should not be changed.
Both should be declined.
On the 3rd question they reword the question a tad....
Shall Section 8 of Article X of the Constitution of Virginia be amended to increase the amount we overtax you and do not give back from 10 percent to 15 percent?
I kept hearing about Virginia's "Surplus" on last budget. Well where is my money??
A surplus means I had too much tax withheld. So it will go down next year right???