In Joint Finance Committee Meeting Gov. Northam Highlights Virginia’s $2.6 Billion Surplus and Economic Recovery

Gov. Ralph Northam

Governor Ralph Northam touted Virginia’s 2021 $2.6 billion surplus and economic recovery in his annual revenue speech to a joint meeting of the Senate Finance and Appropriations, House Appropriations, and House Finance Committees.

“I am here today to update you on the Commonwealth’s revenues for the fiscal year that ended on June 30. And it’s good news. Really good news,” he said, according to prepared remarks of the Wednesday speech.

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Virginia Gubernatorial Candidate Youngkin Proposes Spending on Taxpayer Relief, Businesses, Education, and Public Safety

RICHMOND,Virginia – Glenn Youngkin announced his $5.8 billion plan for spending Virginia’s surplus revenue and federal American Rescue Plan Act [ARPA] funds at a press conference Thursday morning. The list include $1.5 for taxpayer and family relief; $2.6 billion for jobs, small business, and broadband; $1.2 billion for education; and $0.5 billion for public safety and mental health.

“Thanks to the McAuliffe-Northam failures, the murder rate in Virginia is at a 20-year high. Our economy has fallen behind, jobs have come back slower, and our cost of living is way too high. Our schools are underperforming, and as a result, taxpayers, families, seniors, and our children are suffering,” Youngkin said. “The change we need will not come from a failed politician with stale ideas that he failed to deliver when he had his chance as governor.”

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North Carolina Posts $188 Million Surplus; Sixth One in a Row

North Carolina has posted a revenue surplus of $188 million, according to a new state economic report, making it the sixth such surplus in a row. The report, produced by the North Carolina Fiscal Research Division, says that “the economy is stronger now than it was a year ago,” and…

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