The 2026 Executive Budget Document
Governor Youngkin's Proposed Budget for the 2026-2028 Biennial Budget
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Released on December 17, 2025 
 
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 725, 2025 Acts of Assembly $14,421,728 $71,484,516 $85,906,244
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $17,801,328 $73,046,195 $90,847,523
2026-2028 2027 Governor's Proposed Budget $9,742,385 $74,641,940 $84,384,325
    Base Budget $17,801,328 $73,046,195 $90,847,523
    Addenda (Changes to the Base) ($8,058,943) $1,595,745 ($6,463,198)
2026-2028 2028 Governor's Proposed Budget $9,742,385 $74,641,940 $84,384,325
    Base Budget $17,801,328 $73,046,195 $90,847,523
    Addenda (Changes to the Base) ($8,058,943) $1,595,745 ($6,463,198)
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 725, 2025 Acts of Assembly 31.70 87.30 119.00
2024-2026 2026 Chapter 725, 2025 Acts of Assembly 32.95 88.05 121.00
2026-2028 2027 Proposed Positions 35.20 91.80 127.00
    Base Budget 32.95 88.05 121.00
    Addenda (Changes to the Base) 2.25 3.75 6.00
2012-2014 2028 Proposed Positions 35.20 91.80 127.00
    Base Budget 32.95 88.05 121.00
    Addenda (Changes to the Base) 2.25 3.75 6.00
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 2027 FY 2028
General Fund ($9,003,762) ($9,003,762)
•
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 2027 FY 2028
General Fund $650,368 $650,368
Nongeneral Fund $797,192 $797,192
Positions 5.00 5.00
•
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 2027 FY 2028
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 2027 FY 2028
General Fund $60,013 $60,013
Nongeneral Fund $135,707 $135,707
•
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 2027 FY 2028
Nongeneral Fund $119,126 $119,126
Positions 1.00 1.00
•
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
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 2027 FY 2028
General Fund ($19) ($19)
Nongeneral Fund $571 $571


pdocagy2014 - Executive Budget Document Agency Details - 01-01-2026 15:49:46