A breakdown of Youngkin's 2023 budget proposal

💸 $1 billion in tax cuts, including a reduction of the corporate income tax rate from 6% to 5%.

🏗 $450 million to develop sites for economic development projects.

🍎 $100 million for teacher retention bonuses.

💩 $100 million for Richmond to help stop the city's sewer system from overflowing into the river when it rains.

🏫 $50 million for his lab school push.

🚧 $12 million to demolish the Pocahontas Building on Main Street, which has been temporarily serving as the General Assembly building.

🏈 $500,000 to plan for a potential relocation of the Commanders to Virginia — a project that appeared to have been shelved during the last legislative session.

What's next: House Republicans and Senate Democrats will use the proposal as a starting point for reaching a compromise that can pass both chambers.

Go deeper via the Virginia Mercury.