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Virginia's Fiscal Win Amid Job Losses | Washington DC News
Virginia’s budget ended strong with a $2.1 billion revenue boost and a new $600 million data center tax, fueling record public investments — even as 43,600 jobs vanished, mostly in federal and business sectors. Governor Spanberger noted steady tax revenue thanks to higher wages and early retirements still paying taxes. Meanwhile, looming federal healthcare cuts threaten 300,000 Virginians’ Medicaid coverage, risking hospital strain and access for vulnerable communities. The state is building reserves toward $4 billion in two years, with revenue reviews this fall and budget priorities unveiled…
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