Virginia’s General Fund revenue for March 2021 increased by 18.5% compared with March 2020, Gov. Ralph Northam announced Tuesday.
Total revenue collections rose 9% through March on a fiscal year-to-date basis, which was well ahead of the 3% growth forecast.
“Virginia’s solid revenue picture is yet another sign that we are emerging very strong from the pandemic and continue to address its impacts on our economy,” Northam said in a statement. “Together with the General Assembly, we have worked to ensure these gains will translate into additional relief to families and businesses and the targeted investments we need for a broad-based, equitable recovery.”
