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Virginia Department of Planning and Budget

2002-04 Revenue Estimates

The following table shows revenue estimates for the 2002-2004 biennium, as adopted in the 2003 Appropriation Act (Chapter 1042, 2003 Acts of Assembly).

General Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2002 $133.2
Additions to balance $17.9
Lottery profits, ABC profits and other transfers $1,739.9
Official revenue estimate:
Miscellaneous Taxes & Revenue $1,924.6  
Public Services $169.8  
Insurance Premiums $647.7  
Corporate Income $617.1  
Sales Tax $4,802.6  
Individual Income $14,010.4  
  $22,172.2
Total general fund revenue available for appropriation $24,063.2
 
Nongeneral Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2004 $1,709.6
Bond proceeds $1,095.4
Official revenue estimate:
Federal Grants & Contracts $11,502.5  
Institutional Revenue From Institutions of Higher Education, Hospitals, etc. $6,468.3  
Transportation Taxes and Fees $4,174.4  
Other Taxes $206.6  
Other Rights & Privileges $834.3  
Alcoholic Beverage Sales $721.5  
Assessment & Receipts for Support of Special Services $497.9  
Unemployment Compensation $623.6  
Other Grants & Contracts $294.5  
Interest, Dividends, and Rents $191.7  
Fines, Forfeitures, Court fees, Codes, Penalties & Escheats $102.4  
Other Sales of Property & Commodities $61.8  
Other Revenue $2,088.2  
  $27,767.7
Total nongeneral fund revenue available for appropriation $30,572.8
 
Total resources $54,635.9