Virginia Port Authority [407]
Secretarial Area: Transportation
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 $1,000,000 $217,317,547 $218,317,547
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly $1,000,000 $222,083,808 $223,083,808
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $0 $246,826,544 $246,826,544
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $0 $255,281,160 $255,281,160
2021-2024 2022 Chapter1, 2024 Acts of Assembly $0 $280,355,992 $280,355,992
2021-2024 2023 Chapter1, 2024 Acts of Assembly $0 $290,769,867 $290,769,867
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $9,250,000 $281,991,286 $291,241,286
2024-2026 2025 Previous Legislative Appropriation $8,250,000 $281,666,286 $289,916,286
2024-2026 2025 Governor's Amendments $1,000,000 $0 $1,000,000
2024-2026 2025 General Assembly Adjustments $0 $325,000 $325,000
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $1,500,000 $606,666,286 $608,166,286
2024-2026 2026 Previous Legislative Appropriation $1,500,000 $287,666,286 $289,166,286
2024-2026 2026 Governor's Amendments $0 $0 $0
2024-2026 2026 General Assembly Adjustments $0 $319,000,000 $319,000,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2018-2020 2019 Chapter 1283, 2020 Acts of Assembly 0.00 236.00 236.00
2018-2020 2020 Chapter 1283, 2020 Acts of Assembly 0.00 236.00 236.00
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 260.00 260.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 260.00 260.00
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 260.00 260.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 260.00 260.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 0.00 260.00 260.00
2024-2026 2025 Previous Legislative Appropriation 0.00 260.00 260.00
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 0.00 260.00 260.00
2024-2026 2026 Previous Legislative Appropriation 0.00 260.00 260.00
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)
•
Support dredging project Decision Package
  Provides funding to support dredging Back Creek off the York River.
 
  FY FY
General Fund $1,000,000 $0
•
Virginia International Gateway Terminal (450 #1c) General Assembly Adjustment
  This amendment authorizes the Virginia Port Authority to issue additional bonds to ensure operational and investment control of the Virginia International Gateway Terminal.
 
  FY FY
Nongeneral Fund $0 $300,000,000
•
Virginia International Gateway Terminal (452 #1c) General Assembly Adjustment
  Amends the capital leases for the Virginia Port Authority to ensure operational and investment control of the Virginia International Gateway Terminal.
 
  FY FY
Nongeneral Fund $0 $23,000,000
•
HB 1834 - Transfer Responsibility for Small Dredging Projects to VMRC (451 #1c) General Assembly Adjustment
  This amendment strikes $4.0 million from the nongeneral fund in fiscal year 2026 to support shallow dredging projects. The language transfers responsibility for these projects to the Virginia Marine Resources Commission (VMRC) consistent with the provisions of House Bill 1834. A companion amendment in Item 373 transfers the $4.0 million nongeneral fund appropriation for the VMRC.
 
  FY FY
Nongeneral Fund $0 ($4,000,000)
•
Executive Amendment - Modify fund source for NOAA PORTS sensor stations (Amendment 171) General Assembly Adjustment
  Modifies the fund source of matching funds supporting the National Oceanic and Atmospheric Administration (NOAA) Physical Oceanographic Real-Time System (PORTS) stations in the southern Chesapeake Bay.
 
  FY FY
General Fund ($325,000) $0
Nongeneral Fund $325,000 $0
•
Funding for NOAA PORTS Sensor Stations as the Non-Federal Sponsor (451 #3c) General Assembly Adjustment
  This amendment provides $325,000 general fund in fiscal year 2025 for the Port to represent the state match for the NOAA PORTS stations.
 
  FY FY
General Fund $325,000 $0
•
Funding for Dredging Project at Wallops Island (451 #2c) General Assembly Adjustment
  Earmarks $8.0 million from the Transportation Partnership Opportunity Fund in fiscal year 2025 for a dredging project at Wallops Island to enable barges to deliver rockets and other materials to the launch site and the facilities.
Capital Project Requests (in order of largest to smallest)
•
Virginia International Gateway Terminal Lease (C-39.10 #1c)
  Authorizes $335.0 million in Virginia Port Authority bonds for a capital lease amendment for the Virginia International Gateway Terminal.
 
  FY FY
Nongeneral Fund $0 $335,000,000


p3_bullets - Official Enacted Budget - 06-20-2025 17:53:51