Finance committee hears investment outlook and sales tax recovery as revenue estimates rise slightly Staff reported the investment portfolio is outperforming benchmarks and described a laddered strategy ahead of anticipated Fed rate cuts; sales tax receipts are improving and staff reported a FY27 revenue estimate of $407 million, slightly above FY26.

The Federal Reserve's stable rates and rising sales tax performance hint at a promising financial outlook for Virginia's FY27, with an estimated revenue boost to $407 million.

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