The 2015 Budget

As the General Assembly’s 2015 session comes to a close, I would like to share some exciting news with you. On February 26, the General Assembly passed amendments to improve the Commonwealth’s current two-year budget. And we did this 2 days early!

Here are a few important points from the agreement:

  • Budget does not raise taxes
  • Eliminates $33 million in debt proposed by Governor McAuliffe
  • Sets aside $129.5 million for a rainy-day fund deposit in 2017
  • Eliminates $11.7 million in fees proposed by Governor McAuliffe
  • Rejects Obamacare’s Medicaid expansion
  • Restores 94% of cuts to higher education adopted by the supplemental budget
  • Gives an extra $60 million to K-12 education
  • Provides $132.9 million for the healthcare safety net

Click here to watch my brief floor speech on the budget bill (HB 1400).

For more in-depth information on the budget, here are a few links you may find interesting:

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