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

Governor McAuliffe Announces December 2016 General Revenue Collections Down 1.0 Percent from the Previous Year; Fiscal-Year-To-Date Collections Up 4.0 Percent
Governor McAuliffe announced today that December General Fund revenue fell 1.0 percent from December 2015 collections. The drop was largely due to one less payroll deposit day for payroll withholding. On a fiscal year-to-date basis, total revenue
Governor Terry McAuliffe Unveils Amendments to Biennial Budget for FY 2016-2018 to the Joint Money Committees
Chairman Norment, Chairman Hanger, Chairman Jones, Chairman Ware – thank you for inviting me to join you and your committees today so that I can lay out the amendments I am proposing to the Commonwealth’s budget for the remainder of this biennium.
Governor McAuliffe Announces Legislation to Strengthen Virginia’s Economic Development Partnership
Governor Terry McAuliffe today announced that he will introduce legislation in the upcoming 2017 General Assembly session to strengthen oversight, accountability and management at the Virginia Economic Development Partnership (VEDP).
Governor McAuliffe Announces November 2016 General Fund Revenue Collections Up 13.4 Percent and Fiscal-Year-To-Date Collections Up 5.4 Percent
Governor McAuliffe announced today that November General Fund revenue rose 13.4 percent in November, compared to the previous year. On a fiscal year-to-date basis, total revenue collections rose 5.4 percent, ahead of the annual forecast of a 1.7
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