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 
 
State Corporation Commission [171]
Secretarial Area: Independent Agencies
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 $453,671 $124,074,925 $124,528,596
2020-2022 2022 Chapter 1, 2022 Acts of Assembly $103,671 $147,563,259 $147,666,930
2022-2024 2023 Chapter1, 2024 Acts of Assembly $107,562 $155,930,611 $156,038,173
2022-2024 2024 Chapter1, 2024 Acts of Assembly $20,522,719 $152,070,611 $172,593,330
2024-2026 2025 Chapter 725, 2025 Acts of Assembly $530,333 $519,431,020 $519,961,353
2024-2026 2026 Chapter 725, 2025 Acts of Assembly $20,553,958 $677,730,435 $698,284,393
2026-2028 2027 Governor's Proposed Budget $20,573,599 $696,756,164 $717,329,763
    Base Budget $20,553,958 $677,730,435 $698,284,393
    Addenda (Changes to the Base) $19,641 $19,025,729 $19,045,370
2026-2028 2028 Governor's Proposed Budget $20,573,599 $696,221,838 $716,795,437
    Base Budget $20,553,958 $677,730,435 $698,284,393
    Addenda (Changes to the Base) $19,641 $18,491,403 $18,511,044
Positions Budget Summary
Biennium Fiscal Year Source GF NGF Total
2020-2022 2021 Chapter 1, 2022 Acts of Assembly 0.00 699.00 699.00
2020-2022 2022 Chapter 1, 2022 Acts of Assembly 0.00 715.00 715.00
2022-2024 2023 Chapter1, 2024 Acts of Assembly 0.00 715.00 715.00
2022-2024 2024 Chapter1, 2024 Acts of Assembly 0.00 715.00 715.00
2024-2026 2025 Chapter 725, 2025 Acts of Assembly 0.00 797.00 797.00
2024-2026 2026 Chapter 725, 2025 Acts of Assembly 0.00 799.00 799.00
2026-2028 2027 Proposed Positions 0.00 828.00 828.00
    Base Budget 0.00 799.00 799.00
    Addenda (Changes to the Base) 0.00 29.00 29.00
2012-2014 2028 Proposed Positions 0.00 828.00 828.00
    Base Budget 0.00 799.00 799.00
    Addenda (Changes to the Base) 0.00 29.00 29.00
Operating Budget Addenda (in order of greatest impact)
•
Increase appropriation and positions for information technology modernization Decision Package
  Provides nongeneral fund appropriation and eight positions for ongoing operational costs related to essential information technology modernization projects within the agency.
 
  FY 2027 FY 2028
Nongeneral Fund $4,967,293 $4,565,967
Positions 8.00 8.00
•
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 $4,981 $4,981
Nongeneral Fund $4,583,797 $4,583,797
•
Increase appropriation to reflect increased collections of Uninsured Motorist fees Decision Package
  Increases the nongeneral fund appropriation to accurately reflect the amount of fee revenue expected in the Uninsured Motorist Fund.
 
  FY 2027 FY 2028
Nongeneral Fund $3,439,936 $3,439,936
•
Increase appropriation for implementation of Microsoft Dynamics for system replacements Decision Package
  Increases appropriation to provide for three positions and implementation costs associated with replacing outdated software platforms.
 
  FY 2027 FY 2028
Nongeneral Fund $2,193,595 $2,098,595
Positions 3.00 3.00
•
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 $1,355 $1,355
Nongeneral Fund $1,244,505 $1,244,505
•
Increase appropriation for additional Bureau of Insurance positions Decision Package
  Provides nongeneral fund appropriation and six positions for the Bureau of Insurance.
 
  FY 2027 FY 2028
Nongeneral Fund $817,478 $817,478
Positions 6.00 6.00
•
Increase appropriation for federal grants Decision Package
  Increases the nongeneral fund appropriation to account for the increase in reimbursement by the Federal Department of Transportation for the gas and liquid pipeline safety grants.
 
  FY 2027 FY 2028
Nongeneral Fund $700,000 $700,000
•
Increase appropriation for additional Administration positions Decision Package
  Provides nongeneral fund appropriation and four positions to bring four outsourced maintenance positions in-house and to hire one financial manager.
 
  FY 2027 FY 2028
Nongeneral Fund $631,229 $631,229
Positions 5.00 5.00
•
Increase appropriation and positions for the Public Utility Regulation division Decision Package
  Increases nongeneral fund appropriation and provides three positions to implement recently enacted legislation impacting the Public Utility Regulation Division.
 
  FY 2027 FY 2028
Nongeneral Fund $430,000 $392,000
Positions 3.00 3.00
•
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 ($394) ($394)
Nongeneral Fund ($362,764) ($362,764)
•
Increase appropriation for additional Health Benefit Exchange personnel Decision Package
  Increases the nongeneral fund appropriation to allow for three new Health Benefit Exchange personnel.
 
  FY 2027 FY 2028
Nongeneral Fund $346,284 $346,284
Positions 3.00 3.00
•
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 ($171) ($171)
Nongeneral Fund ($157,502) ($157,502)
•
Increase appropriation for an additional Bureau of Financial Institutions personnel Decision Package
  Increases nongeneral fund appropriation to provide for one additional mortgage examiner at the Bureau of Financial Institutions.
 
  FY 2027 FY 2028
Nongeneral Fund $112,930 $112,930
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
Nongeneral Fund $83,079 $83,079
•
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
Nongeneral Fund $35,787 $35,787
•
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 ($13) ($13)
Nongeneral Fund ($22,829) ($22,829)
•
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 $12,922 $12,922
Nongeneral Fund ($3,880) ($3,880)
•
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 ($1) ($1)
Nongeneral Fund ($8,274) ($8,274)
•
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 2027 FY 2028
Nongeneral Fund ($4,721) ($4,721)
•
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 $962 $962
Nongeneral Fund $23 $23
•
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
Nongeneral Fund ($237) ($237)
Capital Project Requests (in order of largest to smallest)
•
Renovate Tyler Building
  Provides language which allows the agency to adjust the scope of the existing Tyler Building Renovation Project and use nongeneral fund balances to support the project.


pdocagy2014 - Executive Budget Document Agency Details - 01-01-2026 15:49:31