# Virginia Reports Revenue Growth

Virginia reported that General Fund revenue grew 8.0% ($613.4 million) through the first quarter of FY2027, with collections 3.2% ($253.7 million) above forecast as of September 2026. The revenue position may inform the Commonwealth’s fall forecasting and budget planning, but the announcement identifies no new procurement, funding commitment, or contract opportunity.

- Procurement teams and contractors can use the revenue figures as context for Virginia budget planning, but should not treat them as evidence of available contract funding.
- The Commonwealth’s fall forecasting and budget process is the specific follow-up identified in the release; any procurement implications depend on subsequent budget decisions.

**Jurisdictions:** sled
**Published:** October 20, 2026

### Government Entities
- Office of the Governor of Virginia
- Virginia Secretary of Finance

### Key Quotes
> They are also among our most volatile revenue streams, and one strong quarter does not make a trend.
> — Mark D. Sickles, Secretary of Finance

### Sources
- [October Releases](https://www.governor.virginia.gov//newsroom/news-releases/2026/october-releases/name-1127271-en.html) - VA