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The compromise—which came alter five joint conference groups had tussled with all kinds of figures and ideas—puts $2,186,500 from the estimated $7,000,000 in Byrd automatic tax credit money into the 195456 budget. The rest of the money will go back to Virginia taxpayers as credit on their income tax payments.
Byrd Loads Fight “Compromise” is the true word for the action. As the fight started, the Boothe amendment Jbackers wanted all of the $7,000,000 put in the state budget. Opposed to diverting any of the money were the administration forces led by State Senator Harry F. Byrd, Jr.N As finally passed at about 10:45 p.m. Sunday the $2,186,500 will be distributed this way: A total of $1,000,000 for teachers' salaries, $324,000 for Lynchburg State Colony, $200,000 for the University of Virginia Hospital, $375,■ 000 for William and Mary’s Norfolk - Division Library,, $137,000 for, Radford College, $125,000 for armories in the State and $25,000 for Virginia Military Institute. The $2,186,500 will be a part of the nearly $267,000,000 general fund budget for the 1954-56 biennium.
second conference committee on the appropriations bill jn the Assembly windup. He, along with Delegates Shirley Holland and J. L. Whitehead, all appropriations committee members, were named by the House about 11 p.m. Saturday. The House “requested” this group to insist upon use of some of the $7,000,000 of tax credit funds in the budget. This was the group that tried until 1:20 a.m. Sunday to reach some agreement.
In the House, itself, Mr. Frost voted from the beginning against efforts ttr “tap” the tax refund money.
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