Budget

Annual Population Report

Jan 28, 2014

Population growth in Virginia slowed last year—but the commonwealth still outpaced the nation.
 

Between 2012 and 2013, Virginia’s population grew less than 1-percent, to nearly 8-point-3 million people.  That’s the slowest growth in the state since the recession….but still higher than the national average.

House of Delegates GOP leaders have announced that they will not vote to expand Medicaid—if at all—until after a comprehensive, outside audit of the state’s program is conducted. 

They say they want to find out why Medicaid has become the most expensive item in the General Fund budget … and why 30 percent of the Commonwealth’s healthcare spending goes to waste, fraud, and inefficiencies.  They believe it’s a once-in-a-generation opportunity to find out what’s wrong with Medicaid and fix what’s broken.

 

Governor McDonnell has rolled out his final two-year state budget, which includes additional funds for major core services and other priorities.

The $95.9 billion budget also injects new cash into the Rainy Day Fund and adds millions of dollars to public and higher education. 

The Governor says he used caution in forecasting revenues—due to the disproportionate impact on the state of potential changes in federal fiscal policies.

Virginia’s colleges and universities may not get all—if any—of the funds they are requesting for news construction projects. 

But the State Council for Higher Education is recommending that lawmakers make maintenance a major priority in the new biennial budget.   The Council is also recommending continued funding of "Top Jobs 21"—a major education initiative started by Governor McDonnell.

Congress Gets Busy

Sep 10, 2013

As Congress resumes this week after its month long break there are a lot of pressing issues facing lawmakers that have a big impact on the economy in Virginia.

A handful of Virginia lawmakers were some of the loudest voices calling for Congress to fore go its August break and get serious negotiations underway on budget issues.

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