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City finance director warns federal funding changes could affect FY2026 budget
Summary
At an April 8 work session, Newport News finance officials told council that recent federal policy shifts and executive actions have injected uncertainty into federal grant streams that support operating and capital projects; staff said the city is monitoring impacts and will prioritize legal obligations if revenues fall.
Newport News officials told city council on April 8 that uncertainty from recent federal policy changes could affect the city’s fiscal year 2026 operating and capital plans.
Virginia Lovell, Director of Finance, briefed council on federal developments and the potential implications for the recommended FY2026 budget. “I will start with just a brief update on some of the changes happening at the federal level,” Lovell said, noting the new federal administration has issued numerous executive orders and an OMB memorandum that briefly proposed a temporary freeze on federal financial awards.
Lovell said the city receives its largest federal operating revenues from the U.S. Department of Health and Human Services, the U.S. Department…
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