Balancing optimism and caution, Spanberger says Va.’s revenues grew $2.1 billion in fiscal year 2026

By: Samantha Willis

Outlets: Virginia Mercury

Published: August 19, 2026

Words: 739

Last Updated: 2 months ago

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Gov. Abigail Spanberger on Wednesday highlighted Virginia’s financial wins in the fiscal year that ended in July, touting a general revenue fund that increased by $2.1 billion, record investments in public services and a new energy consumption tax lawmakers levied on data centers that is projected to add $600 million to the commonwealth’s coffers in the next year.

The state also saw significant impacts from federal shifts, the governor said, most notably a loss …

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