Department of the Treasury [152]
Secretarial Area: Finance
Operating Budget Summary
This table shows the Governor's proposed budget for the next two years and the agency's official budget for the previous six years.
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Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly $11,432,877 $38,453,465 $49,886,342
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $9,481,059 $38,457,891 $47,938,950
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $8,327,408 $41,966,549 $50,293,957
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $8,326,657 $42,076,549 $50,403,206
2021-2024 2022 Chapter1, 2024 Acts of Assembly $15,518,923 $55,075,139 $70,594,062
2021-2024 2023 Chapter1, 2024 Acts of Assembly $10,002,935 $55,100,226 $65,103,161
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $14,421,728 $71,484,516 $85,906,244
2024-2026 2025 Previous Legislative Appropriation $12,806,728 $71,269,516 $84,076,244
2024-2026 2025 Governor's Amendments $0 $0 $0
2024-2026 2025 General Assembly Adjustments $1,615,000 $215,000 $1,830,000
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $17,801,328 $73,046,195 $90,847,523
2024-2026 2026 Previous Legislative Appropriation $8,550,462 $72,269,516 $80,819,978
2024-2026 2026 Governor's Amendments $247,104 $176,679 $423,783
2024-2026 2026 General Assembly Adjustments $9,003,762 $600,000 $9,603,762
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 31.20 91.80 123.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 32.20 91.80 124.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 31.70 87.30 119.00
2024-2026 2025 Previous Legislative Appropriation 31.70 87.30 119.00
2024-2026 2025 Governor's Amendments 0.00 0.00 0.00
2024-2026 2025 General Assembly Adjustments 0.00 0.00 0.00
2024-2026 2026 Chapter 725, 2025 Acts of Assembly 32.95 88.05 121.00
2024-2026 2026 Previous Legislative Appropriation 31.70 87.30 119.00
2024-2026 2026 Governor's Amendments 1.25 0.75 2.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Provide staffing to upgrade investments IT system Decision Package
  Provides funding for an information technology specialist position to expand the functionality of the funds management system. The funding also supports associated costs for training, computer hardware, and computer software.
 
  FY FY
General Fund $0 $100,605
Nongeneral Fund $0 $100,605
Positions 0.00 1.00
•
Provide adequate staffing for trust accounting unit Decision Package
  Provides funding for a position in the trust accounting position to address the current lack of capability required to prepare key deliverables and to ensure adequate succession planning.
 
  FY FY
General Fund $0 $114,092
Nongeneral Fund $0 $38,031
Positions 0.00 1.00
•
Subscribe to VITA disaster recovery services Decision Package
  Provides funding to subscribe to disaster recovery services in order to recover IT infrastructure in the event of a critical system failure.
 
  FY FY
General Fund $0 $32,407
Nongeneral Fund $0 $38,043
•
Wrongful Incarceration Compensation (261 #2c) General Assembly Adjustment
  This amendment provides $9.0 million the second year from the general fund in support of legislation authorizing four payments to individuals who were wrongfully incarcerated and awarded claims pursuant to § 8.01-195.11, Code of Virginia.
 
  FY FY
General Fund $0 $9,003,762
•
Administrative Costs for Tax Relief (261 #1c) General Assembly Adjustment
  This amendment provides $1.6 million from the general fund the first year for the administrative costs at the Department of the Treasury to provide tax relief for working Virginians by issuing rebate checks or direct deposit.
 
  FY FY
General Fund $1,615,000 $0
•
HB 1606 / SB 996: Unclaimed Property (262 #2c) General Assembly Adjustment
  This amendment provides $215,000 the first year and $600,000 the second year in nongeneral fund appropriation to support costs associated with House Bill 1606 and Senate Bill 996 related to unclaimed property.
 
  FY FY
Nongeneral Fund $215,000 $600,000
•
Adjust NGF revenue estimates for Literary Fund actions General Assembly Adjustment
  Reflects the change in NGF revenue estimates resulting from General Assembly actions on Literary Fund amounts. (125#9c, EA55)
•
Direction to Deposit Revenues as Required by Code of Virginia (262 #1c) General Assembly Adjustment
  This amendment directs the Treasurer to transfer funds as required by § 10.1-1330 of the Code of Virginia.


p3_bullets - Official Enacted Budget - 06-20-2025 18:29:41