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February 21, 2024

Session 2024: Key Budget Policy Choices

Comparing the governor’s and money committees’ proposed changes to the 2024-2026 budget

Higher ed section updated on 2/21

The House Appropriations and Senate Finance & Appropriations committees have released their proposals for the 2024-2026 budget (FYs 2025 and 2026) and amendments to the budget for FY 2024. The charts below provide a summary-level assessment of key general fund changes proposed by the money committees and Gov. Youngkin compared to the current budget.

The governor’s proposed changes to the 2022-2024 budget

The House Appropriations and Senate Finance committees are currently considering the governor’s proposed 2024-2026 budget (FYs 2025 and 2026) and amendments to the budget for FY 2024. The charts provide a summary-level assessment of key general fund changes compared to the FY 2024 budget as approved in Chapter 1, Acts of Assembly 2023, Special Session I.

The Commonwealth Institute

info@thecommonwealthinstitute.org

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