Virginia’s Medicaid program faces a budget shortfall of almost $632 million over two years, as Gov. Glenn Youngkin says he is preparing another package of tax cuts for the Democratic-controlled General Assembly to consider next month.

The Department of Medical Assistance Services submitted its annual forecast to assembly budget committees last week. It shows a shortfall of $337 million the first year and $295 million in the second, which is unusual in the year after the state adopts its two-year budget.

Read the full story in the Richmond Times-Dispatch.