The Virginia General Assembly on Sunday approved a two-year budget that eliminates a $4.2 billion shortfall and preserves bond-financed projects.

The budget cuts about $2.3 billion in spending, including more than $1 billion in public education spending, and doesn’t raise taxes.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.