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January 14, 2026

Session 2026: 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 introduced budget for 2026-2028

The House Appropriations and Senate Finance committees are currently considering Gov. Youngkin’s proposed 2026-2028 budget (FYs 2027 and 2028) and amendments to the budget for FY 2026. These charts provide a summary-level assessment of key general fund changes compared to the FY 2026 budget as approved in Chapter 725, Acts of Assembly 2025. FY 2026 funding that was successfully vetoed in May 2025 is not included in the baseline.

The Commonwealth Institute

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