Tag: general_fund_revenues

Virginia Reports Nearly $1 Billion Fiscal Year 2026 Budget Surplus

14 Jul 2026 1:12 p.m. · Source: Office of Virginia Governor

Virginia Governor Abigail Spanberger announced a $936.3 million general fund surplus for Fiscal Year 2026, with revenues growing 6.7%. The surplus will fund education, healthcare, and public safety, reflecting sound budgeting and a cautious approach to volatile revenue streams.

Politics and Government Business Health General Politics State Governments Economy Education Law Enforcement Virginia Abigail Spanberger Fiscal Year 2026 Budget Surplus General Fund Revenues Tax Receipts Government Finance Reston
Virginia General Fund Revenues Up 6.5% Through May, Exceeding Forecasts

12 Jun 2026 2:12 p.m. · Source: Office of Virginia Governor

Virginia's General Fund revenues grew 6.5% year-over-year through May, exceeding forecasts by 2.9%. Governor Spanberger announced the strong position for a surplus, while acknowledging inflationary concerns and directing a new forecast for future budget planning.

Politics and Government Business State Governments Economy General Politics Employment and Labor Virginia General Fund Revenues Governor Abigail Spanberger Fiscal Year 2026 Economic Forecast Inflation State Budget Reston