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Virginia Department of Planning and Budget

2006-08 Revenue Estimates

The following table shows revenue estimates for the 2006-08 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, 2006 $1,406.0
Additions to balance $134.0
Lottery profits, ABC profits and other transfers $1,584.8
Official revenue estimate:
Miscellaneous Taxes & Revenue $2,781.1  
Public Services $187.9  
Insurance Premiums $856.6  
Corporate Income $1,568.0  
Sales Tax $6,455.1  
Individual Income $19,839.3  
  $31,688.0
Total general fund revenue available for appropriation $34,812.8
 
Nongeneral Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2006 $2,538.3
Bond proceeds $809.5
Official revenue estimate:
Federal Grants & Contracts $14,857.8  
Institutional Revenue From Institutions of Higher Education, Hospitals, etc. $8,729.7  
Transportation Taxes and Fees $4,792.4  
Other Taxes $636.3  
Other Rights & Privileges $1,285.5  
Alcoholic Beverage Sales $1,006.0  
Assessment & Receipts for Support of Special Services $746.1  
Unemployment Compensation $963.9  
Other Grants & Contracts $496.4  
Interest, Dividends, and Rents $210.7  
Fines, Forfeitures, Court fees, Codes, Penalties & Escheats $170.0  
Other Sales of Property & Commodities $68.9  
Other Revenue $2,784.3  
  $36,747.8
Total nongeneral fund revenue available for appropriation $40,095.5
 
Total resources $74,908.3