Youngkin Says Virginia In Great Position To Make Investments And Tax Cuts

Virginia Governor Glenn Youngkin says recent General Fund Revenue reports show Virginia remains in a great position to make critical investments in 2023 and lower taxes to better compete against peer states. Revenue collections in December, the halfway point in the fiscal year show, are up six and a half percent over prior years. Youngkin says, the consistent revenues seen throughout this fiscal year underscore the Commonwealth’s financial health and capacity to deliver tax cuts to Virginia families.