Gov. Glenn Youngkin presented his final proposed biennial budget to Virginia lawmakers during a joint meeting of House and Senate budget committees, pointing to strong revenue growth and what he described as room to fund core services while continuing tax relief.
The proposal includes $730 million in tax relief without new or increased taxes, increased funding for Medicaid and public education, and nearly $2 billion for capital projects. Democrats control both chambers of the General Assembly, and Gov.-elect Abigail Spanberger will ultimately sign the budget lawmakers adopt before it takes effect July 1.
