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Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty

RICHMOND, Va. (AP) 鈥 Republican Gov. Glenn Youngkin said on Friday that he would trim Virginia’s budget by $900 million in light of next year’s tax revenue projections, which could decrease as the White House’s reshaping of federal spending spurs economic uncertainty in the state.

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Youngkin cuts $900 million from amended Virginia budget ahead of economic uncertainty

FILE - Virginia Gov. Glenn Youngkin gestures as he delivers his annual State of the Commonwealth address before a joint session of the Virginia General Assembly at the state Capitol, Jan. 13, 2025, in Richmond, Va. (AP Photo/Steve Helber, File)


RICHMOND, Va. (AP) 鈥 Republican Gov. Glenn Youngkin said on Friday that he would trim Virginia’s budget by $900 million in light of next year’s tax revenue projections, which could decrease as the White House’s reshaping of federal spending spurs economic uncertainty in the state.

At a news conference, Youngkin announced he had signed the bipartisan budget bill adopted in February by the Virginia General Assembly but vetoed 37 line items, winnowing state spending to create a rainy day cushion.

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