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 
 
Virginia Innovation Partnership Authority [309]
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 $26,100,000 $25,000,000 $51,100,000
2021-2024 2022 Chapter1, 2024 Acts of Assembly $47,786,623 $0 $47,786,623
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $41,550,000 $0 $41,550,000
2021-2024 2023 Chapter1, 2024 Acts of Assembly $42,395,623 $0 $42,395,623
2024-2026 2025 Governor's Proposed Budget $167,539,319 $0 $167,539,319
    2024 Appropriation $63,488,565 $0 $63,488,565
    Governor's Amendments $104,050,754 $0 $104,050,754
2024-2026 2026 Governor's Proposed Budget $42,486,085 $0 $42,486,085
    2024 Appropriation $111,536,839 $0 $111,536,839
    Governor's Amendments ($69,050,754) $0 ($69,050,754)
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
2021-2024 2022 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 0.00 0.00
2021-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 0.00 0.00
2024-2026 2025 Proposed Positions 0.00 0.00 0.00
    2024 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
2024-2026 2026 Proposed Positions 0.00 0.00 0.00
    2024 Appropriation 0.00 0.00 0.00
    Governor's Amendments 0.00 0.00 0.00
Operating Budget Addenda (in order of greatest impact)
Support life sciences in the Commonwealth Decision Package
  Shifts $69.1 million provided for life science research initiatives from the second year to the first year and provides an additional $35.0 million the first year for further initiatives. Budget language is also included to establish a task force to review and recommend investments to strengthen Virginia's Biotechnology, Life Sciences, and Pharmaceutical Manufacturing industry cluster.
 
  FY 2025 FY 2026
General Fund $104,050,754 ($69,050,754)


pdocagy2014 - Executive Budget Document Agency Details - 06-07-2025 07:22:33