Episode Details

Virginia’s budget ended on a mixed note: revenue surged by $2.1 billion, fueled by new data center taxes and big public investments, but the state lost over 43,000 jobs—mostly federal and private sector. Governor Spanberger noted wage growth and early retirements helped cushion the blow, while warning that looming federal healthcare cuts threaten 300,000 Virginians’ Medicaid coverage. Looking ahead, the state aims to build up reserves to 15% of average revenue—$4.3 billion by 2027—and is set to unveil her budget priorities in December before next year’s legislative session.

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