Tag Archives: Gov. Bob McDonnell

State Budget Cuts Affect MCV and Medicaid Recipients

By Chandelis Duster, Phil Karstetter, and David Preut
VCU InSight

Richmond, VA –Tough times are about to get a little tougher for state-funded services, as almost $4 billion in state spending has been cut out of the budget for the next two fiscal years.

Of that $4 billion, $800 million will be cut from healthcare funding resulting in less state spending on medicaid and academic hospitals like MCV.

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Gov. McDonnell Lifts LCI Freeze

By Veronica Garabelli
VCU Capital News Service

RICHMOND, Va. – Gov. Bob McDonnell announced Monday that he would undo a freeze on an education funding formula that would have taken money from more affluent school districts and given it to less affluent ones.

“The decision to continue to update the Local Composite Index is one that I reached after extensive meetings with my finance staff, legislators, and local government officials,” McDonnell said in a press release.

“Ensuring that we have a fair formula that is implemented without regard to temporary or political considerations is the best means by which to appropriate education funding in the Commonwealth.”

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Filed under Capital News Service, News, Politics, Richmond