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State Government Updates Revenue Collection Figures

State Government Updates Revenue Collection Figures

Virginia’s revenue collections for the new budget year have increased 3% through the end of August. Governor McDonnell points out Virginia’s forecast for this year has been calling for 1.5% growth. The revenue collections for August decreased by 4.8% from the same month last year,┬ábut there was one less deposit day last month than in August 2012. The Governor and his senior staff are working on new budget recommendations that he will release shortly before Christmas.