General Assembly approves CARES Act money distribution

RICHMOND, Va. (AP) — Virginia lawmakers gave final approval Monday to a spending plan for $4.3 billion in federal coronavirus relief money, including funding for initiatives aimed at helping small businesses, increasing broadband access and replenishing the state’s depleted unemployment trust fund.

The budget approved by the Senate and the House of Delegates preserves most of a plan crafted by Gov. Ralph Northam and fellow Democrats, but also includes several amendments proposed by Republicans in the Senate, including raising bonuses for law enforcement officers. Under a compromise worked out by a conference committee, sheriff’s deputies and corrections officers will receive bonuses of $3,000, while state police will receive $5,000.

The budget will now be sent to the governor, who supports the budget compromise, according to Northam spokesperson Alena Yarmosky.

The budget also calls for helping small businesses avoid a large tax increase by using $862 million of the federal money to replenish the state’s unemployment trust fund, which has been depleted by the large number of claims filed during the pandemic.