Governor Continues To Look At Budget

Economic Hit Expected, But Cash Aslo Coming From Aid Package

WRVA News
March 27, 2020 - 4:23 pm
Governor Ralph Northam provides an update on coronavirus efforts on March 19, 2020.  (Governor's Facebook Page)

(Governor's Facebook Page)

Richmond, Va. (Newsradiowrva.com) -  Governor Ralph Northam (D) says he continues to look at the economic impact of the coronavirus pandemic on the budget, and will have recommendations when the General Assembly returns in late April.  There are reports Virginia could lose a billion dollars a year thanks to the budget shutdown.  The Governor does not yet say that employee and teacher raises are gone, but Finance Secretary Aubrey Layne says the budget does tie them to revenue.

Virginia does stand to receive $3.3 billion from the recently based federal aid package.  However, Layne says the money cannot be used to replace lost revenue.

Virginia passed it's budget in early March, before the coronavirus shutdowns began.