Budget Reaches Youngkin, as 7-Day Clock Starts Ticking for Changes

Source: Richmond Times-Dispatch (Subscription may be required.)

The state budget finally has landed on Gov. Glenn Youngkin’s desk.

Youngkin now has seven days to propose amendments or vetoes to the two budget bills, one for changes to the spending plan for the current fiscal year that ends June 30, and the other for a new, $165 billion two-year budget.

Press Secretary Macaulay Porter confirmed on Thursday that “the governor’s office has now received the budget” and that he would propose changes “within the seven-day constitutional limit.”

That sets up a likely showdown with the General Assembly at the end of next week, with the earliest date for the legislature to reconvene in special session on Friday, June 17.

The current two-year budget will expire June 30.

The two proposed budgets together would reduce taxes by $4 billion, taking advantage of more than $14 billion in additional revenues over three years. Youngkin may want more.