US EditionYoungkin praises Virginia’s economy, dismissing Democrats’ concerns over Medicaid and job cuts
Governor Youngkin cites a $572 million surplus and 250,000 open jobs while assuring Medicaid coverage remains intact despite federal policy changes, amid Democratic skepticism.
- On August 15, 2025, Governor Glenn Youngkin delivered an update on Virginia’s economic outlook and fiscal condition to the state legislature’s appropriations committees in Richmond.
- His presentation followed the recent federal reconciliation bill that introduced Medicaid work requirements and SNAP changes amid disputes by Democrats over potential impacts.
- Youngkin highlighted a $572 million revenue surplus in fiscal year 2025, a $4.7 billion rainy-day fund, and an 11.5% SNAP error rate prompting efforts to reduce administrative errors.
- He stressed that Virginians will maintain their Medicaid coverage despite federal reductions, while the state’s finance chief indicated that hospitals are prepared to handle the resulting financial pressures over time.
- Despite rising unemployment to 3.5% and 11,200 federal job losses this year, Youngkin affirmed his December budget proposal will address related challenges amid ongoing tax cuts and revenue surpluses.
19 Articles
19 Articles
Youngkin paints a rosy picture of the state’s financial status, but uncertainty regarding federal programs remains
Republican Gov. Glenn Youngkin painted a rosy picture of the state’s financial status during his annual address to the General Assembly’s joint money committee on Thursday, but factors regarding Virginia’s fiscal health remain unknown as federal reductions continue. “Virginia is as financially strong as she has ever been,” Youngkin told the House and Senate Appropriations committees Thursday morning. He added that the state “overperformed” fin…
The Seattle Times
Virginia Lawyers WeeklyYoungkin praises Virginia’s economy, dismissing Democrats’ concerns over Medicaid and job cuts
Virginia Republican Gov. Glenn Youngkin says Virginia’s economy is thriving after ending its fiscal year with high revenues.
Associated Press News
Youngkin praises Virginia's economy, dismissing Democrats' concerns over Medicaid and job cuts
Virginia Republican Gov. Glenn Youngkin says Virginia’s economy is thriving after ending its fiscal year with high revenues.
Youngkin touts Va.’s $4.7 billion cash cushion, downplays Medicaid, federal workforce changes
Gov. Glenn Youngkin addresses the Virginia General Assembly in January 2025. (Photo by Charlotte Rene Woods/Virginia Mercury)At a joint meeting of the Virginia Senate and House appropriations committees Thursday morning, Gov. Glenn Youngkin presented his final overview of the fiscal condition of the state of Virginia. He painted a rosy picture, with revenues coming out over forecast for fiscal year 2025 and a $4.7 billion cushion in rainy day fu…
Republican Governor Glenn Youngkin stated that Virginia's economy thrives in a discourse before financial committees.
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