Budget & Revenue

With Governor McAuliffe’s announcement last Friday that state revenue collections came in far lower than forecast for April, it’s clear that Virginia is on a crash course to a big problem unless the next two months bring substantial improvement.

Virginia’s growing economy has provided state policymakers with some much-needed additional resources to invest in our state’s schools, families, and communities. Policymakers expect to have $3 billion more in state revenues over the next two budget years than in the last two budget years.

Virginia’s Senate and House approved a two-year budget that takes an important step forward by partially restoring support for public schools after many years of significant cuts. Unfortunately, the legislature did not appropriately target the help to school divisions in high-poverty communities that sustained the largest cuts.