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Virginia Department of Planning and Budget

2004-06 Revenue Estimates

The following table shows revenue estimates for the 2004-06 biennium, as adopted in the 2004 Appropriation Act (Chapter 4, 2004 Acts of Assembly).

General Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2004 $273.9
Additions to balance $(-1.0)
Lottery profits, ABC profits and other transfers $1,468.0
Official revenue estimate:
Miscellaneous Taxes & Revenue $1,806.3  
Public Services $200.3  
Insurance Premiums $617.9  
Corporate Income $641.3  
Sales Tax $4,905.9  
Individual Income $15,134.6  
  $25,545.3
Total general fund revenue available for appropriation $27,286.2
 
Nongeneral Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2004 $1,854.3
Bond proceeds $1,050.6
Official revenue estimate:
Federal Grants & Contracts $12,133.7  
Institutional Revenue From Institutions of Higher Education, Hospitals, etc. $7,137.7  
Transportation Taxes and Fees $4,366.6  
Other Taxes $497.4  
Other Rights & Privileges $998.8  
Alcoholic Beverage Sales $879.4  
Assessment & Receipts for Support of Special Services $616.7  
Unemployment Compensation $1,172.4  
Other Grants & Contracts $229.5  
Interest, Dividends, and Rents $154.1  
Fines, Forfeitures, Court fees, Codes, Penalties & Escheats $115.3  
Other Sales of Property & Commodities $54.0  
Other Revenue $2857.5  
  $31,213.1
Total nongeneral fund revenue available for appropriation $34,118.0
 
Total resources $61,404.2