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Virginia’s Surplus, But Watch Out | Fort Wayne News
Virginia’s state coffers are overflowing after a surprise $939 million surplus in its latest fiscal year, fueled by soaring income and sales tax revenues. But Governor Spanberger is urging caution—this windfall may not last, as looming federal shifts in Medicaid and SNAP could reverse gains for over 300,000 Virginians. With national growth projected to slow to just under 2% over the next two years, the administration is staying vigilant. Still, the new fiscal year started strong—with July revenues already 3.3% above projections—building a healthy $585 million starting balance. For now…
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