Virginia prices and inflation

The official record directly addresses rent, tenant protections, rental assistance, eviction, or the supply and affordability of rental housing. It does not establish an effect on Virginia's median gross rent.

Retained Virginia evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

Virginia Residential Landlord and Tenant Act; units occupied by elderly tenants; rent stabilization allowance. Allows any locality to adopt rent stabilization provisions to prohibit any landlord, defined in the bill, from increasing the rent on any unit in which an elderly tenant, defined in the bill, resides by an amount that exceeds such locality's rent stabilization allowance. The bill defines "rent stabilization allowance" as the percentage increase in the Consumer Price Index, for the region in which the locality sits, from March in the preceding year to March in the current year, plus two percent. Finally, the bill requires any rent…

The official record directly addresses carbon dioxide from electric power, electricity generation, renewable or fossil generation resources, RGGI, storage, or grid supply. It does not establish an effect on Virginia's reported power-sector carbon-dioxide emissions.

Retained Virginia evidence context: Power-sector carbon dioxide emissions. This record’s connection to the topic does not establish an effect on the measured result.

Data center tax revenue; local residential renewable energy incentive program; tangible personal property tax reimbursement; penalty. Authorizes the governing body of any county, city, or town that collects real or personal property taxes for any real or personal property owned by a data center to create a local residential renewable energy incentive program, through which funds shall be used to reduce existing utility bills for residential customers, to reduce reliance upon fossil fuel power generation facilities, to reduce the need for construction and placement of new transmission lines, and to minimize future electricity costs for…

The official record directly addresses rent, tenant protections, rental assistance, eviction, or the supply and affordability of rental housing. It does not establish an effect on Virginia's median gross rent.

Retained Virginia evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

Department of Housing and Community Development; work group to examine the future of redevelopment and housing authorities in the Commonwealth established; report. Directs the Department of Housing and Community Development to establish in collaboration with the Virginia Housing Development Authority a work group to examine the future of redevelopment and housing authorities in the Commonwealth for the purpose of examining the need to repurpose and find a new mission for redevelopment and housing authorities that serve the goals of promoting housing affordability, effectuating redevelopment, and conserving land where deemed appropriate, and…

The official record directly addresses carbon dioxide from electric power, electricity generation, renewable or fossil generation resources, RGGI, storage, or grid supply. It does not establish an effect on Virginia's reported power-sector carbon-dioxide emissions.

Retained Virginia evidence context: Power-sector carbon dioxide emissions. This record’s connection to the topic does not establish an effect on the measured result.

Disaster Assistance Fund; established. Establishes the Disaster Assistance Fund for the purpose of addressing life, safety, and housing costs related to a disaster that are not covered by any form of federal assistance, private donations, or insurance. Expenditures and disbursements from the Fund require authorization by the General Assembly. In addition to all other appropriations to the Fund, the bill also directs proceeds generated from the Commonwealth's participation in the Regional Greenhouse Gas Initiative auction that occurred in December 2023 and deposited into the Regional Greenhouse Gas Initiative Fund with the Department of…

The official record directly addresses wages, earned-income relief, unemployment compensation, paid leave, or other household-income components. It does not establish an effect on Virginia's median household income.

Retained Virginia evidence context: Median household income. This record’s connection to the topic does not establish an effect on the measured result.

Minimum wage. Increases the minimum wage incrementally to $15.00 per hour by January 1, 2028. The bill codifies the adjusted state hourly minimum wage of $12.77 per hour that is effective January 1, 2026, and increases the minimum wage to $13.75 per hour effective January 1, 2027, and to $15.00 per hour effective January 1, 2028. Effective January 1, 2029, and annually thereafter, the bill requires the minimum wage to be adjusted to reflect increases in the consumer price index. This bill is identical to SB 1. An Act to amend and reenact § 40.1-28.10 of the Code of Virginia, relating to minimum wage.

The official record directly addresses wages, earned-income relief, unemployment compensation, paid leave, or other household-income components. It does not establish an effect on Virginia's median household income.

Retained Virginia evidence context: Median household income. This record’s connection to the topic does not establish an effect on the measured result.

Minimum wage. Increases the minimum wage from its current federally mandated level of $7.25 per hour to $9.50 per hour effective May 1, 2021; to $11.00 per hour effective January 1, 2022; to $12.00 per hour effective January 1, 2023; to $13.50 per hour effective January 1, 2025; and to $15.00 per hour effective January 1, 2026. For January 1, 2027, and thereafter, the annual minimum wage shall be adjusted to reflect increases in the consumer price index. The measure provides that the increases scheduled for 2025 and 2026 will not become effective unless reenacted by the General Assembly prior to July 1, 2024. If such provisions are not…

The official record directly addresses carbon dioxide from electric power, electricity generation, renewable or fossil generation resources, RGGI, storage, or grid supply. It does not establish an effect on Virginia's reported power-sector carbon-dioxide emissions.

Retained Virginia evidence context: Power-sector carbon dioxide emissions. This record’s connection to the topic does not establish an effect on the measured result.

Electric utilities; shared solar programs; Phase I Utility. Amends certain provisions related to the shared solar program established by the State Corporation Commission for Appalachian Power Company. The bill permits excess bill credits to be distributed to shared solar subscribers more than once annually. The bill also requires the utility in administering its shared solar program to require net crediting functionality for customer utility bills, as described in the bill. The bill also directs Appalachian Power to (i) release an additional 50 megawatts as part two of the shared solar program on July 1, 2026; (ii) release a further…