What We Do


The Secretary of Finance provides guidance to the four key agencies within the Finance Secretariat. These agencies handle all the financial transactions of the Commonwealth — from collecting taxes, to paying bills, to distributing aid to localities.

Their responsibilities include:

  • forecasting and collecting revenues
  • managing the Commonwealth’s cash and investments
  • selling bonds
  • overseeing internal audits
  • making strategic financial plans
  • preparing and executing the Commonwealth’s budget.

Recent News

Newsroom
October 2017 General Fund Revenue Collections Up 7.7% From The Previous Year And Fiscal-Year-To-Date Collections Up 4.9%
Governor McAuliffe announced today that October general fund revenues rose 7.7 percent in October, driven mainly by payroll withholding, sales, and corporate income taxes. On a fiscal year-to-date basis, total revenue collections rose 4.9 percent,
September 2017 General Fund Revenue Collections Were Up 5.5% from the Previous Year and Fiscal-Year-to-Date Collections Up 4.1%
Governor McAuliffe announced today that September General Fund revenue increased 5.5% from the previous year – largely due to payroll withholding taxes, sales taxes, and corporate income taxes.
Governor McAuliffe Announces Launch of New Virginia Management Fellows Program
Governor Terry McAuliffe today announced the application launch for the first Virginia Management Fellows class. The program is an initiative of the Commonwealth of Virginia developed with Virginia Tech to meet the state’s needs for future leaders.
August 2017 General Fund Revenue Collections Up 1.1% From The Previous Year
Governor McAuliffe announced today that August general fund revenue increased 1.1 percent from the previous year. On a fiscal year-to-date basis, total revenue collections rose 3.0 percent above the annual forecast of 2.7 percent growth.
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