Virginia Economic Development Partnership [310]
Secretarial Area: Commerce and Trade
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 $34,802,309 $0 $34,802,309
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $45,179,309 $0 $45,179,309
2022-2024 2023 Chapter1, 2024 Acts of Assembly $48,504,192 $0 $48,504,192
2022-2024 2024 Chapter1, 2024 Acts of Assembly $50,077,792 $0 $50,077,792
2024-2026 2025 Chapter 7, 2026 Acts of Assembly $54,451,862 $0 $54,451,862
2024-2026 2026 Chapter 7, 2026 Acts of Assembly $59,451,862 $0 $59,451,862
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I $60,913,402 $0 $60,913,402
2026-2028 2027 Base Budget $59,451,862 $0 $59,451,862
2026-2028 2027 Governor's Amendments $961,540 $0 $961,540
2026-2028 2027 General Assembly Adjustments $500,000 $0 $500,000
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I $60,913,402 $0 $60,913,402
2026-2028 2028 Base Budget $59,451,862 $0 $59,451,862
2026-2028 2028 Governor's Amendments $961,540 $0 $961,540
2026-2028 2028 General Assembly Adjustments $500,000 $0 $500,000
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2022-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2022-2024 2024 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Chapter 7, 2026 Acts of Assembly 0.00 0.00 0.00
2024-2026 2026 Chapter 7, 2026 Acts of Assembly 0.00 0.00 0.00
2026-2028 2027 Chapter 1. 2026 Acts of Assembly, Special Session I 0.00 0.00 0.00
2026-2028 2027 Base Budget 0.00 0.00 0.00
2026-2028 2027 Governor's Amendments 0.00 0.00 0.00
2026-2028 2027 General Assembly Adjustments 0.00 0.00 0.00
2026-2028 2028 Chapter 1. 2026 Acts of Assembly, Special Session I 0.00 0.00 0.00
2026-2028 2028 Base Budget 0.00 0.00 0.00
2026-2028 2028 Governor's Amendments 0.00 0.00 0.00
2026-2028 2028 General Assembly Adjustments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
•
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 $1,400,657 $1,400,657
•
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 $305,798 $305,798
•
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 $105,463 $105,463
•
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 ($47,681) ($47,681)
•
Adjust appropriation for centrally funded changes to agency vehicle fleet charges Base Budget Adjustment
  Adjusts appropriation for reduced fleet vehicle operational rate charges billed by the Department of General Services budgeted in Central Appropriations, Item 470 H. of Chapter 725, 2025 Acts of Assembly.
 
  FY FY
General Fund ($2,788) ($2,788)
•
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 $271 $271
•
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 ($162) ($162)
•
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 ($18) ($18)
•
Reduce appropriation related to interest earnings Decision Package
  Captures savings based on approximate yearly interest earnings of the Partnership.
 
  FY FY
General Fund ($800,000) ($800,000)
•
Correct service area allocation Decision Package
  Aligns the Partnership's appropriation with the proper service area.
•
Support the Internship Virginia Program (113 #1c) General Assembly Adjustment
  This amendment provides an additional $1.0 million over the biennium for the Internship Virginia program managed by the Virginia Economic Development Partnership Authority and allows local governments to apply for matching grants to help offset the costs of providing internship opportunities to college students.
 
  FY FY
General Fund $500,000 $500,000
•
VEDP Reporting (113 #2c) General Assembly Adjustment
  This amendment directs the Virginia Economic Development Partnership Authority to report quarterly on the activities of any nonstock corporation established pursuant to the Board of the Authority.


p3_bullets - Official Enacted Budget - 10-22-2026 08:38:38