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state budget

Jul 17, 2020

General Assembly special session set for Aug. 18

Gov. Ralph Northam set the General Assembly‘s special session for Aug. 18 in a proclamation Friday. Lawmakers will adopt the biennial budget based on the revised revenue forecast, and they also plan to discuss policing measures in light of ongoing protests against police brutality. A finalized agenda has not yet been issued, but the House […]

Jul 9, 2020

State deficit stands at $236.5M, down from $1B spring forecast

The state’s fiscal year 2020 deficit, predicted at one point to reach as much as $1 billion, stands at $236.5 million, Gov. Ralph Northam announced Thursday. Also, the state’s revenues increased by 2% compared to fiscal year 2019. The news comes as the General Assembly prepares to meet in August to make adjustments to the […]

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