Virginia revenue forecast jumps by $1.5 billion as budget talks continue

By: Markus Schmidt

Outlets: Virginia Mercury

Published: June 2, 2026

Words: 829

Last Updated: 1 month, 3 weeks ago

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Virginia’s revenue outlook has improved by $1.5 billion over the next three fiscal years, giving lawmakers more breathing room as negotiations over a stalled state budget are set to continue in Richmond later this month.

Gov. Abigail Spanberger on Monday afternoon released the updated revenue forecast she ordered last month, telling top legislative budget writers that Virginia is projected to collect substantially more General Fund revenue through fiscal year 2028 than previously …

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