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
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
2022-2024 2023 Chapter1, 2024 Acts of Assembly $15,518,923 $55,075,139 $70,594,062
2022-2024 2024 Chapter1, 2024 Acts of Assembly $10,002,935 $55,100,226 $65,103,161
2024-2026 2025 Chapter 7, 2026 Acts of Assembly $14,421,728 $71,484,516 $85,906,244
2024-2026 2026 Chapter 7, 2026 Acts of Assembly $17,801,328 $73,046,195 $90,847,523
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I $11,055,195 $74,641,940 $85,697,135
2026-2028 2027 Base Budget $17,801,328 $73,046,195 $90,847,523
2026-2028 2027 Governor's Amendments ($8,058,943) $1,595,745 ($6,463,198)
2026-2028 2027 General Assembly Adjustments $1,312,810 $0 $1,312,810
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I $9,742,385 $74,761,940 $84,504,325
2026-2028 2028 Base Budget $17,801,328 $73,046,195 $90,847,523
2026-2028 2028 Governor's Amendments ($8,058,943) $1,595,745 ($6,463,198)
2026-2028 2028 General Assembly Adjustments $0 $120,000 $120,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
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
2022-2024 2023 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2022-2024 2024 Chapter1, 2024 Acts of Assembly 32.70 94.30 127.00
2024-2026 2025 Chapter 7, 2026 Acts of Assembly 31.70 87.30 119.00
2024-2026 2026 Chapter 7, 2026 Acts of Assembly 32.95 88.05 121.00
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I 35.20 91.80 127.00
2026-2028 2027 Base Budget 32.95 88.05 121.00
2026-2028 2027 Governor's Amendments 2.25 3.75 6.00
2026-2028 2027 General Assembly Adjustments 0.00 0.00 0.00
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I 35.20 91.80 127.00
2026-2028 2028 Base Budget 32.95 88.05 121.00
2026-2028 2028 Governor's Amendments 2.25 3.75 6.00
2026-2028 2028 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
Remove one-time funding for wrongfully incarcerated individuals Base Budget Adjustment
  Removes one-time funding approved for FY 2026 to compensate four individuals who were wrongfully incarcerated and awarded claims pursuant to § 8.01-195.11, Code of Virginia.
 
  FY FY
General Fund ($9,003,762) ($9,003,762)
•
Adjust appropriation for centrally funded salary increases for state employees Base Budget Adjustment
  Adjusts appropriation for the salary increases for state employees budgeted in Central Appropriations, Item 469 R. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $216,300 $216,300
Nongeneral Fund $489,123 $489,123
•
Adjust appropriation for centrally funded changes to state health insurance premiums Base Budget Adjustment
  Adjusts appropriation for the employer’s share of health insurance premiums budgeted in Central Appropriations, Item 469 G. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $60,013 $60,013
Nongeneral Fund $135,707 $135,707
•
Adjust appropriation for centrally funded changes to agency information technology costs Base Budget Adjustment
  Adjusts appropriation for changes to information technology and telecommunications usage budgeted in Central Appropriations, Item 470 C. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $38,108 $38,108
Nongeneral Fund $39,407 $39,407
•
Adjust appropriation for centrally funded changes to Cardinal Financials System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Financials System internal service fund charges budgeted in Central Appropriations, Item 470 E. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $910 $910
Nongeneral Fund $70,431 $70,431
•
Adjust appropriation for centrally funded retirement rate changes Base Budget Adjustment
  Adjusts appropriation for changes to contribution rates for state employee retirement plans budgeted in Central Appropriations, Item 469 H. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($17,074) ($17,074)
Nongeneral Fund ($38,606) ($38,606)
•
Adjust appropriation for centrally funded other post-employment benefit rate changes Base Budget Adjustment
  Adjusts appropriation for changes to state employee other post-employment benefit rates budgeted in Central Appropriations, Item 469 J. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($7,432) ($7,432)
Nongeneral Fund ($16,805) ($16,805)
•
Adjust appropriation for centrally funded liability insurance premium charges Base Budget Adjustment
  Adjusts appropriation for liability insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 470 J. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $4,156 $4,156
Nongeneral Fund $4,723 $4,723
•
Adjust appropriation for centrally funded changes to Cardinal Human Capital Management System charges Base Budget Adjustment
  Adjusts appropriation for changes to Cardinal Human Capital Management System internal service fund charges budgeted in Central Appropriations, Item 470 F. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($563) ($563)
Nongeneral Fund ($4,363) ($4,363)
•
Adjust appropriation for centrally funded workers’ compensation premium changes Base Budget Adjustment
  Adjusts appropriation for workers’ compensation premiums budgeted in Central Appropriations, Item 469 O. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($308) ($308)
Nongeneral Fund ($1,392) ($1,392)
•
Adjust appropriation for centrally funded property insurance premium charges Base Budget Adjustment
  Adjusts appropriation for property insurance premiums billed by the Department of the Treasury’s Division of Risk Management budgeted in Central Appropriations, Item 470 M. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund $360 $360
Nongeneral Fund $631 $631
•
Adjust appropriation for centrally funded changes to Performance Budgeting system charges Base Budget Adjustment
  Adjusts appropriation for changes to Performance Budgeting system internal service fund charges budgeted in Central Appropriations, Item 470 G. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($19) ($19)
Nongeneral Fund $571 $571
•
Provide funding for positions to develop information technology and security tools Decision Package
  Provides funding for five positions to build information technology tools and security software to improve the agency's cybersecurity.
 
  FY FY
General Fund $650,368 $650,368
Nongeneral Fund $797,192 $797,192
Positions 5.00 5.00
•
Fund position to support the Division of Risk Management Decision Package
  Provides nongeneral fund appropriation for a property claims coordinator within the Division of Risk Management to support the expanding needs of the property claims and risk management program.
 
  FY FY
Nongeneral Fund $119,126 $119,126
Positions 1.00 1.00
•
Wrongful Incarceration (264 #1c) General Assembly Adjustment
  This amendment provides $1.3 million in the first year from the general fund for a payment to Mr. Messiah Johnson pursuant to Chapter 472 (House Bill 1472).
 
  FY FY
General Fund $1,312,810 $0
•
Virginia Disposition of Unclaimed Property Act (265 #2c) General Assembly Adjustment
  This amendment provides $120,000 the second year in nongeneral fund appropriation for the Department of the Treasury to implement the provisions of Chapter 669 (House Bill 798), dealing with the disposition of unclaimed property in the form of digital assets.
 
  FY FY
Nongeneral Fund $0 $120,000
•
Annuity Payout Language (264 #2c) General Assembly Adjustment
  This language amendment directs payment of the remaining balance to Mr. Burnette in accordance with current policy whereby wrongful incarceration claims are paid as single lump sum amounts. Mr. Burnette was awarded a wrongful incarceration claim in 2010 in accordance with the provisions of Chapter 618, 2010 Acts of Assembly. There is no cost to the state for this amendment.
•
Review of Virginia Energy Leasing Program (265 #1c) General Assembly Adjustment
  This language amendment directs the Department of the Treasury to review the current Virginia Energy Leasing Program (VELP) to determine its effectiveness in promoting and financing energy efficiency improvements in state agencies.


p3_bullets - Official Enacted Budget - 10-21-2026 08:44:42