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January 7, 2025

Session 2025: Key Budget Policy Choices

The Virginia state budget affects everything and everyone in our lives — from how well we fund our public schools, safe transportation to work, health care and more. TCI will analyze and summarize each budget proposal that is released throughout session and continue to update this page.

The governor’s proposed budget changes for 2024-2026

The House Appropriations and Senate Finance and Appropriations committees are currently considering the governor’s proposed changes to the 2024-2026 budget (FYs 2025 and 2026). The charts here provide a summary assessment of key general fund changes proposed by the governor compared to the current budget (Chapter 2, Acts of Assembly 2024, Special Session I).

The Commonwealth Institute

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