Richmond, VA- Today, Governor Ralph Northam released his amendments to the 2020-2022 budget. The proposal includes critical investments to rebuild Virginia’s economy and refund priority programs while also adding hundreds of millions of dollars to the Commonwealth’s revenue reserves.
Speaker Eileen Filler-Corn and House Appropriations Chairman Luke Torian released the following joint statement in response to the Governor’s proposal:
“Budgets are a statement of values, and Governor Northam’s proposal is reflective of many of the priorities of our majority. In response to the COVID-19 pandemic, the Governor makes investments to reinvigorate our economy and get Virginians back to work by increasing funding for jobs training, raising teacher pay, making vital allocations for schools and expanding access to affordable health care. He restored funding for important education priorities like the G3 Program, tuition assistance and support for many of our historically underfunded institutions of higher education. These investments were made while still restoring money to our revenue reserve, putting Virginia on stronger financial footing to withstand future economic challenges should they arise.We applaud the Governor on this thoughtful proposal that balances long term fiscal responsibility while also making needed investments for our Commonwealth’s present and in its future and look forward to working with him as we compose a final budget.”