Department of Accounts Transfer Payments [162]
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 $1,341,622,895 $557,930,925 $1,899,553,820
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $1,261,836,731 $585,961,960 $1,847,798,691
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $1,495,332,411 $588,180,330 $2,083,512,741
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $2,877,595,000 $588,400,824 $3,465,995,824
2021-2024 2022 Chapter1, 2024 Acts of Assembly $2,358,113,028 $588,400,824 $2,946,513,852
2021-2024 2023 Chapter1, 2024 Acts of Assembly $1,675,917,865 $588,400,824 $2,264,318,689
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $1,275,362,240 $498,206,085 $1,773,568,325
2024-2026 2025 Previous Legislative Appropriation $980,380,000 $498,206,085 $1,478,586,085
2024-2026 2025 Governor's Amendments $1,397,482,240 $0 $1,397,482,240
2024-2026 2025 General Assembly Adjustments ($1,102,500,000) $0 ($1,102,500,000)
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $980,380,000 $498,206,085 $1,478,586,085
2024-2026 2026 Previous Legislative Appropriation $980,380,000 $498,206,085 $1,478,586,085
2024-2026 2026 Governor's Amendments $0 $0 $0
2024-2026 2026 General Assembly Adjustments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 1.00 1.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 1.00 1.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 1.00 1.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 1.00 1.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 1.00 1.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 1.00 1.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 0.00 1.00 1.00
2024-2026 2025 Previous Legislative Appropriation 0.00 1.00 1.00
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 0.00 1.00 1.00
2024-2026 2026 Previous Legislative Appropriation 0.00 1.00 1.00
2024-2026 2026 Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Provide funding for Car Tax Credits Decision Package
  Provides funding for the creation of car tax relief credits for certain taxpayers. Separate language in the Additional Enactments section of the budget creates a refundable tax credit of $150 for single individuals and $300 for married persons whose federal adjusted gross income does not exceed $50,000 for single individuals or $100,000 for married persons filing jointly.
 
  FY FY
General Fund $1,103,000,000 $0
•
Appropriate required Revenue Reserve Fund deposit Decision Package
  Provides the required deposit to the Revenue Reserve Fund in 2025.
 
  FY FY
General Fund $294,482,240 $0
•
Redirect Funding to General Assembly Tax Relief Package (255 #1c) General Assembly Adjustment
  This amendment redirects the $1.1 billion from the general fund included in the introduced budget pursuant for the Governor's proposal to provide an income tax credit for car tax payments to support the General Assembly Tax reduction package which includes a one-time tax rebate for all Virginian's who pay income tax, an expansion in the earned income tax credit and an adjustment in the standard deduction.
 
  FY FY
General Fund ($1,103,000,000) $0
•
Florence Neal Cooper Endowment for Sickle Cell Disease (254 #1c) General Assembly Adjustment
  This amendment provides $500,000 from the general fund in the first year for deposit to the Florence Neal Cooper Smith Sickle Cell Research Endowment Fund, established by House Bill 2500 of the 2025 Acts of Assembly.
 
  FY FY
General Fund $500,000 $0


p3_bullets - Official Enacted Budget - 06-20-2025 17:43:25