Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty

Youngkin cuts $900M from amended Virginia budget ahead of economic uncertainty

Republican Gov. Glenn Youngkin is trimming Virginia’s budget by $900 million through line-item vetoes based on tax-revenue projections for next year that spur economic uncertainty in the state. He is signing the updated budget bill after lawmakers backed the latest version of the legislation in April. Youngkin says his cuts are for funding on capital projects and other proposals that he believes can be taken up next year. House of Delegates Mino…

Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty

Republican Gov. Glenn Youngkin said on Friday that he would trim Virginia’s budget by $900 million in light of next year’s tax revenue projections, which could decrease as the White House’s reshaping of federal spending spurs economic uncertainty in the state.