Middle Neck News

Virginia’s Revenue Collections Remain Consistent with Updated Forecast

Virginia’s year-to-date general fund revenues remain ahead of the updated December 2022 forecast by nearly $500 million. According to Governor Glenn Youngkin’s office revenue collections were 2.7% higher in the first ten months of the fiscal year. April revenues include final and estimated payments for individuals, insurance companies, and most corporations are remitted, making it the most significant revenue collection month in the fiscal year.

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