General Assembly meets today to finalize state budget

RICHMOND, Va. (AP) — The Virginia General Assembly meets today to go over the Governor’s proposed budget amendments and hopefully finalize the state budget.

Governor Youngkin said on Monday that he hoped to bolster Virginia’s rainy-day fund by $300 million in light of economic uncertainty surrounding the White House’s overhaul of federal jobs and its impact on the state’s workforce.

At a news conference, Youngkin announced he had more than 200 amendments to a bipartisan budget bill adopted last month by the Virginia General Assembly, including trimming state spending to add additional funds to Virginia’s coffers.

The $300 million would be on top of nearly $295 million already slated to be set aside over the biennium. Youngkin said the reserved revenue would give Virginia a cushion of $5 billion.

“It enables us to feel confident that if there is a bump in the road, we can deal with it,” he said.