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Virginia Department of Planning and Budget

2008-10 Revenue Estimates

The following table shows revenue estimates for the 2008-10 biennium, as adopted in the 2009 Appropriation Act (Chapter 781, 2009 Acts of Assembly).

General Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2009 $1,091.9
Additions to balance ($469.3)
Transfers $1,338.5
Official revenue estimate:
Miscellaneous Taxes & Revenue $1,889.9  
Public Services $186.7  
Insurance Premiums $540.6  
Corporate Income $1,409.0  
Sales Tax $6,118.3  
Individual Income $19,731.4  
  $29,875.9
Total general fund revenue available for appropriation $31,837.0
 
Nongeneral Fund Revenues
Revenue Source   Biennial total
$ in millions
Balance June 30, 2009 $5,285.3
Bond proceeds $2,059.3
Lottery Proceeds Fund $860.7
Official revenue estimate:
Federal Grants & Contracts $16,985.3  
Institutional Revenue From Institutions of Higher Education, Hospitals, etc. $9,985.6  
Transportation Taxes and Fees $4,258.6  
Other Taxes $1,327.5  
Other Rights & Privileges $1,401.5  
Alcoholic Beverage Sales $1,150.6  
Assessment & Receipts for Support of Special Services $1,003.5  
Unemployment Compensation $809.1  
Other Grants & Contracts $1,035.5  
Interest, Dividends, and Rents $198.0  
Fines, Forfeitures, Court fees, Codes, Penalties & Escheats $192.0  
Other Sales of Property & Commodities $476.4  
Other Revenue $2,772.9  
  $41,596.7
Total nongeneral fund revenue available for appropriation $49,802.1
 
Total resources $81,631.1