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Youngkin's final Virginia budget: $730M in tax breaks faces Democratic opposition
Youngkin's $72 billion budget proposes $730 million in tax relief and $1 billion for pay raises, focusing on education, Medicaid, and capital projects amid political transition.
- On Wednesday, Gov. Glenn Youngkin unveiled his proposed 2026-2028 biennial budget to the General Assembly, featuring $72 billion in General Fund spending and $211 billion in total resources with $730 million in new tax relief.
- Citing Virginia's finances, Youngkin argued the budget reflects a strong fiscal position with record business investment of $156 billion and job growth, while administration officials said mandatory spending crowded out other priorities amid a conservative revenue forecast projecting 3.5% annual growth.
- On the spending side, the proposal includes $1 billion in compensation actions with a 2% bonus in 2026 and raises in 2027 and 2028, a $2.6 billion Medicaid increase, $544 million for K-12, nearly $2 billion for capital projects, and over $6 billion in new investments.
- With control of both chambers, Democratic lawmakers will amend the budget, and Senate Majority Leader Scott Surovell said, `I think you're going to see some major surgery done on this budget once we get our hands on it.'
- Lawmakers will return next month to begin work on the budget, which inherits Youngkin's phased conformity measures on tips and car loan interest, with final passage before July 1.
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12 Articles
Youngkin pitches final budget, touts strong revenues as he prepares to leave office
Gov. Glenn Youngkin and first lady Suzanne Youngkin enter a committee meeting room at the General Assembly Office Building in Richmond before the governor presented his final budget to lawmakers at the joint meeting of the House Appropriations, House Finance and Senate Finance & Appropriations Committees on Dec. 17, 2025. (Photo by Shannon Heckt/Virginia Mercury)Outgoing Gov. Glenn Youngkin on Wednesday rolled out his final two-year budget propo…
State worker pay increases in Youngkin's final Medicaid-constrained budget
Gov. Glenn Youngkin is proposing a 2% bonus in the current fiscal year and a 2% salary increase in fiscal year 2027 and in fiscal year 2028 for state employees, teachers, school support staff and state-supported local employees.
Coverage Details
Total News Sources12
Leaning Left2Leaning Right4Center6Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 17%
C 50%
R 33%
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