|
RICHMOND,
VA - Governor Glenn Youngkin announced Monday that general fund
revenues for May 2024 increased 14.2 percent versus the same period last
year and remain slightly ahead of the revenue forecast that was revised
upward as part of the budget approved on May 13, 2024, reinforcing the
Common Ground budget forecasts.
With one
month remaining in FY24, year-to-date collections are up 5.9 percent and
remain ahead of the revised forecast, driven primarily by higher than
projected net individual income tax collections.
The full
May 2024 revenue report is available here.
|
