The House proposed budget package fully funds mandated activities and legislative priorities over the course of the biennium without relying on new tax revenue while maintaining a structurally balanced budget. Spending initiatives included in the proposal focus on improving affordability for Virginians with resources dedicated to health insurance through ACA premium assistance and Medicaid, to childcare through the subsidy program and a new employer matching model, to food assistance through the SNAP program, and to increasing the minimum wage for Virginia workers. The proposal exceeds the spending levels included in the House and Senate budgets at the close of the General Assembly Session.
Below is a summary of the major items included in the House conference proposal, a full set of budget amendments to House Bill 30, as introduced, and a summary of the state’s 6-year spending plan incorporating the House conference proposal and demonstrating structural balance.