Tag: general_fund_revenues
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Virginia General Fund Revenues Up 8.0 Percent Through First Quarter of FY2027
Governor Spanberger says September revenues rose 11.5 percent and first-quarter collections grew 8.0 percent, running 3.2 percent ahead of forecast despite national economic uncertainty.
Politics and GovernmentBusinessUSAState GovernmentsEconomyFinancial MarketsGeneral Politics VirginiaAbigail SpanbergerGeneral Fund revenuesFiscal Year 2027Mark D. Sicklesstate budgetsales taxReston
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Virginia General Fund Revenues Up 5.4% Year-to-Date Through August
Governor Spanberger says August revenues rose 2.8% and year-to-date collections grew 5.4%, ahead of forecast by 1.8%, driven by strong sales tax receipts.
Politics and GovernmentBusinessUSAState GovernmentsEconomyFinancial MarketsGeneral Politics VirginiaAbigail SpanbergerGeneral Fund revenuesMark D. Sicklessales taxstate budgetinflationReston
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Virginia Reports Nearly $1 Billion Fiscal Year 2026 Budget Surplus
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 GovernmentBusinessHealthGeneral PoliticsState GovernmentsEconomyEducationLaw Enforcement VirginiaAbigail SpanbergerFiscal Year 2026Budget SurplusGeneral Fund RevenuesTax ReceiptsGovernment FinanceReston
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Virginia General Fund Revenues Up 6.5% Through May, Exceeding Forecasts
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 GovernmentBusinessState GovernmentsEconomyGeneral PoliticsEmployment and Labor VirginiaGeneral Fund RevenuesGovernor Abigail SpanbergerFiscal Year 2026Economic ForecastInflationState BudgetReston