CHART OF THE DAY: Virginia’s revenues are $1.2B ahead of forecast! The strong year-over-year increase is not noise, it’s real. It reflects strong job creation, rising incomes, healthy consumer activity, and disciplined fiscal stewardship.
Because of this performance, revenues could decline by 1.6 percent over the rest of the year, and we would still meet our forecast.
That is the strength of the Commonwealth’s financial position under our commonsense agenda — more jobs and lower tax burdens yield strong revenues.
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