The Virginia legislators who have been leading negotiations over the months-delayed state budget announced Friday they have reached agreement on the “major components” of a compromise proposal that would boost education spending and offer some tax relief.

The apparent deal includes a one-time tax rebate of $200 for individuals and $400 for joint filers, according to a statement from the negotiators. It would also increase the standard deduction, reinstate a popular sales tax holiday and allocate more revenue to public education and college financial aid, the statement said.

The actions are aimed at providing relief to low- and middle-income citizens and Virginia businesses, the negotiators said. The full framework of the proposed legislation – which will need approval from the full General Assembly and the governor – was not released. The statement did not specify the total proposed amounts of tax cuts or spending allocations, and it did not elaborate on any remaining sticking points.