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Virginia Department of Planning and Budget

2008-10 Revenue Estimates

The following table shows revenue estimates for the 2018-2020 biennium, as adopted in the 2018 Appropriation Act (Chapter 2, 2018 Acts of Assembly).

General Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2018 212.2
Additions to balance 21.5
Transfers 1,252.0
Official revenue estimate:
Miscellaneous Taxes & Revenue 1,510.3  
Insurance Premiums 774.2  
Corporate Income 1,838.4  
Sales Tax 7,172.5  
Wills, Suits, Deeds & Contract Fees 814.4  
Individual Income 29,040.0  
  41,149.8
Total general fund revenue available for appropriation 42,635.5
 
Nongeneral Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2018 5,314.6
Bond proceeds 1,208.0
Lottery Proceeds Fund 1,190.9
Internal Service Fund 4,307.6
Official revenue estimate:
Motor vehicle fuel tax 1,927.2  
Unemployment compensation payroll tax 719.7  
Special highway tax from sales tax 1,569.6  
Motor vehicle sales tax and use tax 1,915.1  
Other Taxes 2,965.3  
Rights and Priveleges 2,947.7  
Sale of Properties and Commodities 2,500.3  
Assessment & receipts for special Services 1,580.8  
Institutional revenue 16,820.5  
Interest, Dividends, and Rents 346.3  
Federal grants and contracts 24,691.3  
Master Tobacco Settlement Agreement Funds 260.9  
Other Revenue 5,126.0  
  63,370.5
Total nongeneral fund revenue available for appropriation 75,391.7
 
Total resources 118,027.2