Senator Janet Howell, D-Fairfax, left, chairman of the Senate Finance and Appropriations Committee, and Del. Luke Torian, D-Prince William, chairman of the House Budgets Committee applauded Governor Ralph Northam’s speech at a joint Legislative Monetary Committee meeting on Wednesday highlighting Virginia’s record budget surplus and economic outlook.
Governor Ralph Northam speaks at a joint Legislative Committee meeting where he highlighted Virginia’s record budget surplus and economic prospects.
In a speech to lawmakers on Wednesday, Governor Ralph Northam praised the state’s historic revenue surplus of $ 2.6 billion – and pledged a portion of that money in his upcoming budget for pandemic recovery, state police salaries, and that using the state’s battered behavioral health system.
Northam, who will propose a new biennial budget in December before stepping down in January, praised the COVID-19 vaccine, financially conservative decisions at the state level, and the federal government’s financial support for businesses and families.
“We need to understand how this happened: 2020 was a deeply difficult year, but Virginia is open to business – and business is going well,” Northam said during a joint meeting of the General Assembly’s monetary committees.
“We achieved all of this during a pandemic that many expected to be beyond our budget – and have done just that with many other states,” added Northam.
The government first announced sales in July when it confirmed the state had raised an additional $ 3.1 billion from the previous fiscal year. That is a growth of 14.5% compared to the expected 2.7%.
In an otherwise celebratory speech, Northam highlighted the uncertainty the COVID-19 pandemic continues to pose to Virginia and its economy.
“We don’t know what the future holds. If you’d asked me about the pandemic in June, I would have said we could have a fall that looked almost normal. But now we know that won’t be the case, thanks.” on the Delta variant, “Northam told lawmakers.