Tag: budget_surplus
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Gov. Beshear Reverses Medicaid Cuts, Boosts Key Services with $781 Million Surplus
Kentucky Governor Andy Beshear is utilizing over $781 million in unexpected state funds to reverse Medicaid cuts, increase funding for Michelle P. Waiver slots and senior meals, and restore the Road Fund, citing strong economic performance.
Politics and GovernmentHealthBusinessState GovernmentsEconomySocial IssuesTransportation KentuckyAndy BeshearMedicaidMichelle P. WaiverSenior MealsBudget SurplusRoad FundKentucky Governor's Office
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Kentucky Achieves Budget Surplus, Property Tax Decrease, and Significant Development Milestones
Kentucky reports its seventh consecutive budget surplus and a property tax rate decrease. Governor Beshear also highlighted economic development, federal grants for infrastructure, new affordable housing, and expanded public health services.
Politics and GovernmentBusinessHealthState GovernmentsEconomySocial IssuesEducationTransportation KentuckyBudget SurplusProperty TaxEconomic DevelopmentAffordable HousingPublic HealthInfrastructureKentucky Governor's Office
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Virginia Reports Nearly $1 Billion Fiscal Year 2026 Budget Surplus
Virginia Governor Abigail Spanberger announced a $936.3 million general fund surplus for Fiscal Year 2026, with revenues growing 6.7%. The surplus will fund education, healthcare, and public safety, reflecting sound budgeting and a cautious approach to volatile revenue streams.
Politics and GovernmentBusinessHealthGeneral PoliticsState GovernmentsEconomyEducationLaw Enforcement VirginiaAbigail SpanbergerFiscal Year 2026Budget SurplusGeneral Fund RevenuesTax ReceiptsGovernment FinanceReston
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Kentucky Achieves Seventh Consecutive Budget Surplus, Governor Urges Funding Restoration
Kentucky reports its seventh straight budget surplus for FY26, exceeding estimates by $476.6 million. Governor Beshear calls on the General Assembly to use the unexpected revenue to restore funding for critical state programs.
Politics and GovernmentBusinessHealthState GovernmentsEconomySocial IssuesGeneral Politics KentuckyBudget SurplusAndy BeshearGeneral AssemblyFiscal Year 2026MedicaidKentucky Governor's Office