Virginia Democrats have signed into law a paid family and medical leave program, which is projected to generate an annual shortfall of more than $500 million starting in the second year of operation. The Department of Planning and Budget's fiscal impact statement reveals that the program will collect $1.51 billion in payroll taxes in FY2030, while spending $2.04 billion on benefits and administration. The General Fund is also lending $116.5 million up front to stand the program up before a single premium is collected, repayable from future payroll taxes by 2034. The bill acknowledges that the initial 0.72% payroll tax is insufficient, and authorizes the Virginia Employment Commission Commissioner to set the actual contribution rate annually. Del. Wren Williams, who represents Virginia's 47th House District (Patrick County and the surrounding area), argues that Virginia workers will pay twice through the new payroll tax, first through general fund appropriations as the trust fund runs dry.