Finance Committee re-refers several measures to Appropriations, reports tax-administration and ABC changes The House Finance Committee reported or re-referred multiple bills — including SB224 (informant awards), SB834 (solar grant), SB302 (peanut excise extension), SB788 (ABC e-remittance) — mostly to Appropriations or with substitutes/amendments; most motions passed unanimously or by wide margins.

The Virginia House Finance Committee made significant moves by re-referring key bills like the informant awards for tax collection and a solar energy grant, all while aiming for a unanimous consensus.

Get the details!

#VA #CitizenPortal #VirginiaFinance #RenewableEnergy #PublicPolicy

House Finance Committee reports four Senate bills to the House, including admissions-tax expansion and movie-tax-credit extension The House Finance Committee reported four Senate bills to the full House on recorded roll-call votes: Senate Bills 400 (admissions tax authority expansion) passed 13–5; 591 (free filing tax program) passed unanimously 19–0; 612 (motion picture tax credit sunset extension) passed 17–2; and 649 passed 19–0 after a minor technical amendment.

The House Finance Committee has just reported four significant Senate bills, including a major expansion of the admissions tax and a unanimous approval for a free filing tax program.

Read the full story

#VA #CitizenPortal #FilmIndustrySupport #VirginiaFinance #TaxReform #GovernmentTransparency

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.

Learn more here!

#VA #EconomicRecovery #CitizenPortal #SalesTaxPerformance #VirginiaFinance #InvestmentStrategy

Finance committee reviews FY2027 budget packages, approves procedural items and debates creating an in‑house communications position Staff presented three FY2027 budgets (local distribution, 70% project appropriations, and operating), listing major project appropriation requests and recommending a new in‑house communications position funded from the regional revenue fund; the committee approved procedural motions to forward items to the authority for March consideration.

The Finance Committee has unveiled a bold FY2027 budget proposal, including major project funding and a push for an in-house communications role that could revolutionize operations!

Click to read more!

#VA #CitizenPortal #ProjectAppropriations #CommunicationsStrategy #VirginiaFinance

House Finance Committee advances substitutes, carries numerous tax and data‑center bills to 2027; records votes on HB400, HB897 and HB919 The House Finance Committee on Feb. 9 reported several substituted measures to appropriations, carried multiple tax and data‑center bills to the 2027 session, and tabled a high‑cost semiconductor proposal. Key recorded votes included HB400 (18–2), HB897 (16–5) and HB919 (14–7).

The Virginia House Finance Committee is shaking things up by advancing key tax and data-center measures while pushing others to 2027—what does this mean for local businesses and the economy?

Click to read more!

#VA #CitizenPortal #EnergyEfficiency #VirginiaFinance #SmallBusinessSupport

Subcommittee advances several tax and local-option bills; film incentives bill tabled Subcommittee 2 of the House Finance Committee reported multiple bills — including real-estate disclosure changes, local tax options and relief for furloughed federal workers — to the full committee; the local film-industry incentives bill was tabled after debate.

Virginia's House Finance Committee is shaking up tax measures and local options, but a proposed film-industry incentive just got tabled after heated debate!

Click to read more!

#VA #CitizenPortal #LocalGovernance #EconomicIncentives #VirginiaFinance #TaxReform

Finance update: November revenues/expenditures, audit consultant engagement and grant outcomes Finance staff reported November operating revenues of $3.33M and year-to-date combined revenues of $26.8M; the county engaged UHY Advisors for audit consultation, and the division reported it did not receive award on three state construction grant applications.

November saw operating revenues of $3.33M, but the county's ambitious school construction grants fell short—what's next for funding?

Click to read more!

#VA #BudgetTransparency #VirginiaFinance #AuditEngagement #GrantUpdates #CitizenPortal

Virginia posts stronger-than-expected September revenues; officials warn uncertainty from federal shutdown and trade tensions Secretary of Finance Stephen E. Cummings told the committee September general fund receipts outperformed forecasts, leaving roughly $2.2 billion in excess resources for the next biennium. He and outside economists cautioned that a federal shutdown, shifting trade policy and slowing national job growth create uncertainty for 2026 budgeting.

Virginia's unexpected revenue surge leaves $2.2 billion for next year's budget, but looming federal uncertainties could shake things up!

Click to read more!

#VA #EconomicUncertainty #BudgetPlanning #CitizenPortal #RevenueGrowth #VirginiaFinance

Finance Department reports April revenues surpass projections by $322 million April revenues exceeded forecasts, supporting strong fiscal year 2025 surplus expectations.

Virginia is celebrating a projected $2.1 billion revenue surplus for fiscal year 2025, signaling strong economic health and promising financial stability!

Click to read more!

#VA #CitizenPortal #VirginiaFinance #EconomicGrowth #RevenueTransparency #FiscalResponsibility

Virginia Senate Committee Passes Multiple Bills Including Casino Referendum for Fairfax County Committee discusses various bills, including budget impacts from federal grant pauses and casino legislation.

In a heated meeting, Virginia's Finance and Appropriations Committee tackled urgent legislation, including a controversial casino proposal for Fairfax County and implications of federal grant pauses on the state budget.

Get the details!

#VA #WorkforceDevelopment #EconomicRelief #VirginiaFinance