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VPM Daily Newscast: May 24, 2022

The VPM Daily Newscast contains all your Central Virginia news in just 5 to 10 minutes. Episodes are recorded the night before so you can wake up prepared.     

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Here’s a recap of the top stories on the morning of Tuesday, May 24, 2022   

State lawmakers return to Richmond next week to finalize budget 
Reported by VPM News’ Ben Paviour 

The clerk of the state Senate told VPM News that lawmakers are set to take up a new two-year budget on June 1. A small group of lawmakers from both parties have spent months negotiating the spending plan. The biggest obstacle has been coming to agreement on sweeping tax cuts proposed by Republican Gov. Glenn Youngkin. Democrats have proposed smaller cuts and higher spending on public services like education. The proposed budget hasn’t been released yet but is required to be made public at least two days before lawmakers meet. 

City officials announce economic development plan that takes equity into account
Reported by VPM News’ Patrick Larsen 

Richmond officials introduced a strategic plan for equitable economic development at City Hall yesterday. City councilmember Mike Jones says the plan will support growing industries like life sciences, but it’s also designed to help underserved city residents build wealth. Before the end of 2026, city officials say they’re hoping to bring $3 billion in capital investment to Richmond and reduce the city’s poverty rate by five percent. 

Virginia parents, doctors and officials cope with baby formula shortage
Reported by WMRA's Jessie Knadler  

Families in the commonwealth are struggling to get by because of the national baby formula shortage. Elected officials in Washington, D.C. and Virginia are responding to the crisis in a variety of ways to support some of the more vulnerable members of the community.  

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Ian M. Stewart is the transportation reporter and fill-in anchor for VPM News.