It’s June. What’s Going on with Virginia’s State Budget?
As the federal government scrambles to avoid defaulting on the national debt, the Virginia government is facing its own looming fiscal deadline as state lawmakers grapple with each other and with the governor to agree on amendments to the commonwealth’s two-year budget ahead of the start of the new fiscal year, which begins on July 1. Currently, the state House and Senate are attempting to bridge a $1 billion gap between their respective proposals to amend the $177 billion two-year budget.