Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty
- Governor Glenn Youngkin cut $900 million from Virginia's two-year budget on May 2, 2025, mainly affecting capital projects and state operations.
- Youngkin made these cuts due to economic uncertainty linked to potential declines in tax revenue from federal spending reductions and tariffs.
- Most savings come from eliminating $691 million in capital project funding for 10 higher education initiatives, postponed projects, and $200 million from government operations including Medicaid reimbursements.
- Youngkin described the cuts as a 'hedge' against future losses and noted the preserved teacher bonuses and some education funding remain intact despite rejected amendment proposals.
- The cuts create a financial buffer as Virginia faces risks from federal job losses and trade disruptions, while Democrats acknowledge compromises in the final budget.
34 Articles
34 Articles
Youngkin, who’s backed Trump’s agenda, sets aside $900 million as cushion for economic pain it could unleash
Virginia’s term-limited Republican governor remains steadfast in his support for Trump’s massive federal workforce cuts, intensive trade war, and push to slash federal spending – even as he acknowledged the “short-term risks” are real. Gov. Glenn Youngkin signed a budget bill last week that sets aside $900 million as a cushion against the risks to Virginia’s economy being created by the Trump administration. The savings mostly come from Youngk…


Youngkin vetoes $900M in budget items, citing federal uncertainty
(The Center Square) – Gov. Glenn Youngkin signed off on Virginia's updated two-year budget, approving $1 billion in tax relief and $4.2 billion in new investments while rejecting 37 spending
Va. Gov. to cut $900M from budget
Gov. Glenn Youngkin is cutting $900 million from the revised two-year state budget to set aside a buff er against potential revenue losses as Virginia's economy braces for deep cuts in federal employment and spending, and the financial fallout from…
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