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.
Latest News 
Governor Bob McDonnell is sending down a number of executive budget amendments to his introduced biennial budget. The bulk of the amendments are directed at increasing state funding to K-12 education. Combined with the governor's $438 million increase in state funding for public education in his introduced budget, the amendments bring additional state funding for Virginia's public schools to $497.2 million, or nearly half a billion dollars. Total state spending on K-12 in the governor's proposed budget is now $5.7 billion for FY 2013 and $5.8 billion for FY 2014.
more...
