RICHMOND — For the last time in his four-year term, Gov. Glenn Youngkin presented the economic outlook for the commonwealth to the General Assembly money committees. According to the governor, the forecast looks rosy.
“We are in a stronger financial position today because we have more money and less uncertainty than we did just six months ago,” he said Thursday. “Many of the things that caused some uncertainty earlier in the year have been addressed. The stock market is at an all-time high. Trade deals are getting cut. And D.C. gridlock has not materialized.”
But Democrats said that analysis did not sufficiently take into account federal cuts to programs like Supplementary Nutrition Assistance Program (SNAP) and Medicaid.
The state collected $572 million more than expected last fiscal y