New Virginia Gov. Youngkin Announces More Transition Officials

Glenn Youngkin announced a 113-member list of legislators, law enforcement, business owners, and Republican Party of Virginia officials that will be part of his transition “landing teams” — separate from the transition steering committee he announced earlier in November. The teams will coordinate with Governor Ralph Northam’s cabinet.

“In order to change the trajectory of our great Commonwealth, our transition team is utilizing the vast experience of business owners, law enforcement officials, veterans, healthcare providers, industry experts, and—most importantly—parents to determine how government can begin to serve Virginians better and start delivering on our Day One promises of better schools, safer streets, a lower cost of living, and more jobs,” Youngkin said in a Wednesday press release.

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Preparing to Take Power, Newly Elected Virginia Gov. Youngkin Announces His Transition Team

Governor-elect Glenn Youngkin announced his transition steering committee and advisors on Wednesday. The group includes Republican legislators, Republican Party of Virginia officials, and the three previous Republican governors of Virginia. Former Democratic Governor Doug Wilder is also on the list; he aimed several attacks at opponent former Governor Terry McAuliffe during the campaign without ever endorsing Youngkin. The list also includes Sentara Chief of Staff Aubrey Layne, who was a cabinet official to both Governor Ralph Northam and McAuliffe.

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Virginia Ends Fiscal Year 2021 with $2.6 Billion Revenue Surplus

Virginia ended Fiscal Year 2021 with a $2.6 billion surplus, the largest in Virginia’s history, with a 14.5 percent revenue growth over FY 2020.

“We have effectively managed Virginia’s finances through the pandemic, and now we are seeing the results—record-breaking revenue gains, a recovery that has outpaced the nation, and recognition as the best place to do business,” Governor Ralph Northam said in a press release.

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Northam Announcements: Record May Revenue Increase, New Secretary of Finance, and Return to Earn Grant Program

Virginia saw a 66.2 percent General Fund revenue increase in May according to a Friday announcement from Governor Ralph Northam. He also announced the appointment of Joe Flores as the new Secretary of Finance, and a Return to Earn Grant program to help provide bonuses to new hires at small businesses.

“Virginia’s economy is roaring back to life thanks to hard work following the science and one of the strongest pandemic responses in the country,” Northam said in a press release.

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Virginia Legislators Lay Out Priorities for ‘American Rescue Plan’ Funds

The American Rescue Plan will provide $7.2 billion for Virginia: $2.9 billion allocated for municipalities, and $4.3 billion for the state government, according to a Tuesday announcement from Senators Mark Warner and Tim Kaine. On Wednesday, Governor Ralph Northam and Democratic General Assembly leaders released their priorities for the $4.3 billion, including upgrading public health infrastructure, funding the Rebuild Virginia small business recovery plan, adding funds to the Unemployment Trust Fund, modernizing public schools, and deploying broadband across Virginia.

“This is a unique opportunity to invest in Virginia’s long-term future. We intend to be good stewards of these taxpayer dollars, in full compliance with fiduciary guidelines. We reject calls to refuse these federal dollars, and we support the law’s prohibition on cutting state taxes to substitute federal dollars. We embrace this rare opportunity, and we choose to invest,” Northam and the legislators wrote.

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Follow the Money: CARES Act Update

Congress passed the CARES Act last March, sending many taxpayers $1,200, giving $100 billion to health providers, and boosting unemployment benefits by $600 a week, according to Govtrack. The $2 trillion stimulus bill also sent $150 billion to states and localities across the country. Virginia received about $3.1 billion dollars, with a separate $200 million sent directly to Fairfax County.

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