Governor Glenn Youngkin said in a Monday statement that Virginia revenues met his office’s expectation during the first half of the 2023 fiscal year. The governor’s confirmation comes as he seeks to pass his new budget, which forecasts a “mild recession” in the next two years.
Youngkin’s office confirmed in its press release that “general fund revenues for December 2023 remain in line with updated revisions to the official revenue forecast,” and state revenues grew by 0.2 percent and 7.1 percent over the course of the year.
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