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Virginia budgets show surplus as April revenues beat forecast
Virginia general fund revenue rose 6.3 percent to near 1.5 billion dollars in the first 10 months of the fiscal year with April up 8.8 percent from 2024. Gov. Youngkin credited strong job growth and capital investments as the economy cools nationally while cautioning about federal job cuts and trade shifts. Inflation eased in April with CPI at 2.3 percent year over year and core inflation steady at 2.8 percent amid unchanged Fed rates ahead of the June meeting. Virginia Mercury distributed.
MENTIONED IN THIS ARTICLE
Richmond
Virginia
General Fund
Glenn Youngkin
Youngkin
Ians
Commonwealth
Stephen Cummings
U.S
Cummings
Federal Reserve