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Virginia finishes FY21 with record $2.6B surplus
Revenue collections surged 26.4% between April and June
Virginia reached the end of fiscal year 2021 with a $2.6 billion surplus, the largest in the commonwealth’s history, according to a statement released by Virginia Gov. Ralph Northam on
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Northam proposes $240M for pandemic response
Governor's proposed budget amendments includes funding for jobs training, education, housing
Published
As COVID-19 cases continue to rise and frontline medical workers receive the first vaccine doses, Gov. Ralph Northam called on the General Assembly to allocate $240 million toward pandemic response
Sept. Va. General Fund revenue increases 7.6%
Increase driven by payroll withholding, corporate, recordation tax collection growth
Published
Virginia’s General Fund revenue for September increased 7.6% compared to September 2019, Gov. Ralph Northam announced Wednesday. The increase was driven by growth in payroll withholding and corporate and recordation
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General Assembly special session set for Aug. 18
Lawmakers will amend budget, discuss police initiatives
Published
Gov. Ralph Northam set the General Assembly’s special session for Aug. 18 in a proclamation Friday. Lawmakers will adopt the biennial budget based on the revised revenue forecast, and they
State deficit stands at $236.5M, down from $1B spring forecast
Revenues increased by 2% over 2019, governor reports
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The state’s fiscal year 2020 deficit, predicted at one point to reach as much as $1 billion, stands at $236.5 million, Gov. Ralph Northam announced Thursday. Also, the state’s revenues