The 2025 Executive Budget Document
Governor Youngkin's Proposed Amendments to the 2024-2026 Biennial Budget
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Released on December 18, 2025 
 
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
2020-2022 2021 Chapter 1, 2022 Acts of Assembly $1,495,332,411 $588,180,330 $2,083,512,741
2021-2024 2022 Chapter1, 2024 Acts of Assembly $2,358,113,028 $588,400,824 $2,946,513,852
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $2,877,595,000 $588,400,824 $3,465,995,824
2021-2024 2023 Chapter1, 2024 Acts of Assembly $1,675,917,865 $588,400,824 $2,264,318,689
2024-2026 2025 Governor's Proposed Budget $2,377,862,240 $498,206,085 $2,876,068,325
    2024 Appropriation $980,380,000 $498,206,085 $1,478,586,085
    Governor's Amendments $1,397,482,240 $0 $1,397,482,240
2024-2026 2026 Governor's Proposed Budget $980,380,000 $498,206,085 $1,478,586,085
    2024 Appropriation $980,380,000 $498,206,085 $1,478,586,085
    Governor's Amendments $0 $0 $0
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 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
2020-2022 2022 Chapter 1, 2022 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 Proposed Positions 0.00 1.00 1.00
    2024 Appropriation 0.00 1.00 1.00
    Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 Proposed Positions 0.00 1.00 1.00
    2024 Appropriation 0.00 1.00 1.00
    Governor's Amendments 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 2025 FY 2026
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 2025 FY 2026
General Fund $294,482,240 $0


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 07:00:57