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
Governor McAuliffe Announces Administration Appointments
The appointees will join McAuliffe’s Administration focused on finding common ground with members of both parties on issues that will build a new Virginia economy and create more jobs across the Commonwealth.
May 2017 General Fund Revenue Collections Up 4.6% From the Previous Year and Fiscal-Year-To-Date Collections Up 3.7%
Governor Terry McAuliffe today announced that May General Fund revenue collections increased 4.6 percent from a year ago. On a fiscal year-to-date basis, total revenue collections rose 3.7 percent, ahead of the annual forecast of 2.9 percent growth.
Governor McAuliffe Announces April 2017 General Fund Revenue Collections down 3.4%; Fiscal-Year-To-Date Collections Up 3.6%
This result was influenced by one less deposit day for payroll withholding tax collections and the timing of estimated and final personal income tax payments. On a fiscal year-to-date basis, total revenue collections rose 3.6 percent, ahead of the
Governor McAuliffe Announces March 2017 General Fund Revenue Collections Up 5.7% From the Previous Year and Fiscal-Year-To-Date Collections are Up 4.6%
Governor McAuliffe announced today that general fund revenue collections for March increased 5.7 percent as payroll withholding increased 6.8 percent for the month and sales tax collections rose 2.8 percent.
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