Provide financial assistance to localities; and administer the Revenue Stabilization Fund, Virginia Education Loan Authority Reserve Fund, and the Line of Duty Act, the state flexible benefits program, and the personal property tax relief program.
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. more...
More historical data is available for this agency on DPB's website under the
Virginia's Budget page. If you click on the Budget Round Description links under any of the "DPB Appropriation Database" tables and open the filter you can select various fields to get greater detail and you can select the official chapter data going back for several decades. The "Caboose" chapters are the final biennial budget approved by the General Assembly and signed into Law.
Check it out here
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
$76,667,430
$72,591,775
$149,259,205
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
$54,098,131
$72,160,621
$126,258,752
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
$986,405,000
$31,299,518
$1,017,704,518
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
$1,010,210,000
$36,663,386
$1,046,873,386
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
$1,132,048,650
$598,265,529
$1,730,314,179
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
$1,338,985,117
$540,824,679
$1,879,809,796
2014-2016
2015
Governor's Proposed Budget
$1,242,510,048
$552,665,529
$1,795,175,577
Base Budget
$1,338,785,117
$540,824,679
$1,879,609,796
Addenda (Changes to the Base)
($96,275,069)
$11,840,850
($84,434,219)
2014-2016
2016
Governor's Proposed Budget
$1,059,225,846
$555,665,529
$1,614,891,375
Base Budget
$1,338,785,117
$540,824,679
$1,879,609,796
Addenda (Changes to the Base)
($279,559,271)
$14,840,850
($264,718,421)
Positions Budget Summary
Biennium
Fiscal Year
Source
GF
NGF
Total
2008-2010
2009
Chapter 872, 2010 Acts of Assembly
0.00
0.00
0.00
2008-2010
2010
Chapter 872, 2010 Acts of Assembly
0.00
0.00
0.00
2010-2012
2011
Chapter 2, 2012 Acts of Assembly
0.00
0.00
0.00
2010-2012
2012
Chapter 2, 2012 Acts of Assembly
0.00
0.00
0.00
2012-2014
2013
Chapter 1, 2014 Acts of Assembly
0.00
1.00
1.00
2012-2014
2014
Chapter 1, 2014 Acts of Assembly
0.00
1.00
1.00
2014-2016
2015
Proposed Positions
0.00
1.00
1.00
Base Budget
0.00
1.00
1.00
Addenda (Changes to the Base)
0.00
0.00
0.00
2012-2014
2016
Proposed Positions
0.00
1.00
1.00
Base Budget
0.00
1.00
1.00
Addenda (Changes to the Base)
0.00
0.00
0.00
Operating Budget Addenda (in order of greatest impact)
•
Remove one-time funding for deposit to the Revenue Stabilization Fund
Base Budget Adjustment
Removes general fund appropriation representing the 2014 reserve for a mandatory deposit due to the Revenue Stabilization Fund in the 2014-2016 biennium.
FY 2015
FY 2016
General Fund
($244,645,117)
($244,645,117)
•
Provide general fund appropriation for mandatory deposits to the Revenue Stabilization Fund
Decision Package
Designates mandatory deposits to the Revenue Stabilization Fund (“Rainy Day Fund”) for 2015 and 2016.
FY 2015
FY 2016
General Fund
$243,170,048
$59,885,846
•
Remove one-time funding for an advance deposit to the Revenue Stabilization Fund
Decision Package
Removes $95 million in general fund appropriation representing a 2014 advance reservation in excess of the mandatory deposit due to the Revenue Stabilization Fund in the 2012-2014 biennium.
FY 2015
FY 2016
General Fund
($95,000,000)
($95,000,000)
•
Adjust funding for E-911 wireless revenue distribution
Decision Package
Increases the nongeneral fund appropriation for the distribution of Virginia Wireless Tax to localities. The amounts are based on the Department of Taxation's estimates for collections in each year.
FY 2015
FY 2016
Nongeneral Fund
$11,840,850
$14,840,850
•
Adjust aid to locality distribution to reflect forecast update
Decision Package
Aligns appropriation for distributions to localities in accordance with the November 2013 Post-Governor's Advisory Council on Revenue Estimates forecast. This amendment increases the appropriation for distribution of Tennessee Valley Authority Payments in lieu of taxes.
