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Gov. Youngkin reports a general fund surplus for 2023

Governor Glenn Youngkin announced the general fund revenue collections for February 2023 were 1.2 percent higher in the first eight months of Fiscal Year 2023.

Unadjusted general fund revenues are ahead of forecast by over $111 million year to date.

If current trends continue the state is expecting a multi billion dollar surplus.

The Governor stated that Virginians continue to be overtaxed despite the state having abundant resources to lower costs and cut taxes.

At the same time the surplus enables Virginia to strengthen communities in various ways across Virginia.

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