Debt and Budget

AP Photo / Steve Helber

State leaders are divided over the best way to close a $1.5 billion budget shortfall. But Governor McAuliffe is taking the opportunity to once again press for expanding Medicaid. 

AP Photo / Steve Helber

Up to 26 state employees may be losing their jobs, and no state employees will be getting previously promised pay raises. That’s because of a budget shortfall this year. As Mallory Noe-Payne reports, Governor McAuliffe today gave specifics on how he plans to close the gap. 

Virginia’s governor announced an unexpected budget shortfall today. It means state employees and teachers who were due for a raise won’t see that money anytime soon. It also means state agencies will have to find ways to cut spending, and Virginia’s rainy day fund will be taking a hit. 

Local Governments: Budget Basics

May 16, 2016

Across Virginia, local governments are balancing their books any way they can. Some are raising taxes on hotel guests. Others are increasing the cost of street parking. 

Let’s start with the good news. The state of Virginia’s economy is strong. Here’s how Steven Fuller at George Mason University’s Center for Regional Analysis describes it:

“Virginia has, over the last two years, gone from zero growth — no job growth at all to early 2014 — to the strongest job growth in any twelve month period in more than ten years."

Dancing the Budget Tango

Feb 22, 2016

Even before the fight erupted over whether to replace deceased Justice Antonin Scalia, President Obama and Republicans in Congress were squaring off on the nation’s spending priorities. Republicans from the region are proving a thorn in the president’s side on the final budget he sent to Congress

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