by James A. Bacon
Governor Glenn Youngkin announced Friday that Virginia closed out FY 2024 with $1.2 billion more revenues than forecast. Needless to say, every dollar of surplus is spoken for, and none of it is going to taxpayers. The money will fund a list of “contingent” spending priorities — clean water projects, college tuition for military survivors and dependents, and improvements to Interstate 81.
Lost in the headlines of what is happening in the here and now is how much state government spending has ballooned over the past two decades. Between fiscal 2007 and 2025 (our current year) total state spending (General Fund and Non General Fund) has increased 139 percent. That compares to 50 percent inflation over the same period.
More money for Medicaid. More money for K-12 schools. More higher-ed tuition dollars. More taxes for transportation. What do we get for all that money?
Look at us. Our society is a mess. K-12 student achievement is a wreck. Health outcomes are deteriorating. Traffic congestion is as bad as ever. Universities have become engines of social revolution, not learning. Virginia’s economic performance, once stellar compared to other states, is mediocre. Housing is unaffordable, suicides are up, drug-overdose deaths are probing new highs. And the list of “unmet needs” is as long as it’s ever been.









