💨 Abstract

Virginia ends fiscal year with a $572 million surplus and a $4.7 billion rainy-day fund, exceeding initial economic growth forecasts by about 1 percent. Governor Glenn Youngkin credits intentional economic policies for this success. Democrats, however, criticize his perspective, citing looming Medicaid work requirements and federal workforce reshaping. They argue that these factors will negatively impact the state's economy and healthcare access, while Republicans praise the governor's economic management.

Courtesy: WTOP Staff