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Virginia finishes FY21 with record $2.6B surplus
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 Wednesday. Total revenue collections grew 14.5% over fiscal year 2020, ahead of 2.7% growth projections. State collections reached $8.6 billion in the final quarter of […]
State sees historic 66.2% General Fund revenue increase in May
The state’s General Fund revenue rose 66.2% in May 2021 compared with May 2020, Gov. Ralph Northam announced Friday, the largest increase in more than 50 years. He also announced the appointment of the state’s new secretary and deputy secretary of finance. May is usually a big month for revenue collections due to the state’s […]
Va. General Fund revenue up 41.9% in April compared to 2020
Virginia‘s General Fund revenue for April 2021 increased by 41.9% compared with April 2020, the largest increase in this century, Gov. Ralph Northam announced Wednesday. Total revenue collections rose 12.8% through April on a fiscal year-to-date basis, which was well ahead of the 2.7% growth forecast. “Virginia is posting the largest monthly revenue increase in […]
