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State and local leaders: federal funding underpins core services; Medicaid and federal contracts dominate exposure
Summary
State budget staff and the Virginia Municipal League told a House emergency committee that about one-third of state spending is supported by federal funds, with Medicaid alone accounting for roughly $14.6 billion in FY24.
Kim McKay and David Reynolds, House Appropriations staff, and Joe Flores of the Virginia Municipal League briefed the committee on the budgetary scale of federal funding in Virginia.
McKay summarized state accounting work showing roughly one-third of state spending in fiscal 2024 runs through federal funds, concentrated in the secretariats for Health and Human Resources (HHR) and Education. "Medicaid dominates federal spending at the state level with $14,600,000,000 in expenditures," McKay said. She noted that federal funds in FY24 supporting education,…
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