jump to example.com

August 2017 revenue collections up 1.1% from 2016

Governor McAuliffe announced today that August general fund revenue increased 1.1 percent from the previous year.

revenuesOn a fiscal year-to-date basis, total revenue collections rose 3.0 percent above the annual forecast of 2.7 percent growth. Collections of payroll withholding taxes increased 0.8 percent in August. Collections of sales and use taxes, reflecting July sales, fell 1.3 percent in August. Recordation taxes from real estate transactions also declined, falling by 3.4 percent.

Speaking to August revenue collections, Governor McAuliffe stated, “The 1.1 percent revenue growth we saw in the month of August is an impressive result given that it tops the 12 percent increase we experienced in August a year ago. Payroll withholding, which constitutes two-thirds of general fund revenue collections, has increased by 3.5 percent since the beginning of the fiscal year and continues to run ahead of forecast, as it did last fiscal year. These revenue numbers are a clear indication that Virginia’s economy is growing and creating jobs, but we must continue to work together to maintain the momentum we have built over the past four years.”

On a year-to-date basis, collections of payroll withholding taxes – 64 percent of general fund revenues – increased 3.5 percent, ahead of the annual forecast of 1.8 percent growth. Sales tax collections – 18 percent of general fund revenues – have grown by 1.1 percent year-to-date, trailing the forecast of 2.8 percent growth.

September collections will complete the first quarter of fiscal year 2018 and provide a clearer assessment of revenue growth. The first estimated payments from individuals, corporations and insurance companies are due in September.

To view the full report, click here.


Another new poll gives Northam big lead in Virginia governor race

One Virginia governor race poll released yesterday had Democrat Ralph Northam and Republican Ed Gillespie tied.

Poll: Trump unpopular in Virginia

President Donald Trump is well under water among Virginia voters, according to new poll results released by the University of Mary Washington.

UVA alum Chris Long to donate first six NFL game checks to fund scholarships

The Chris Long Foundation announced today that Philadelphia Eagles defensive end Chris Long will donate his first six game checks of the 2017 NFL season to fund two scholarships in his hometown of Charlottesville.

Events Calendar

Upcoming events in the Shenandoah Valley, Central Virginia and statewide from the Augusta Free Press Events Calendar. Don't see your event listed? Email augustafreepress2@gmail.com.

Game Preview: VMI, Chattanooga look to get back on track on Saturday

VMI knew the 2017 football season was going to be a rebuilding year. Chattanooga, coming off a playoff appearance in 2016, had its usual high expectations.

Game Preview: UVA has a chance at Boise State

Vegas and the ESPN Power Index don’t give UVA much of a chance to win at Boise State on Friday night.

Street Knowledge with Chris Graham: First look at UVA-Boise State

Chris Graham and Scott German take a first look at the UVA-Boise State game set for Friday night.

The Petty Hearts bring Tom Petty tribute to Wayne Theatre on Sept. 22

Tom Petty tribute band The Petty Hearts are coming to the Wayne Theatre on Friday, Sept. 22.

Web Design, Marketing

Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including web design, TV/radio, social media and overall marketing campaign design and implementation.

Recent Posts
Your One-Stop Media Shop
Augusta Free Press LLC provides clients in the Shenandoah Valley and Central Virginia and beyond with marketing and PR solutions including web design, magazine/brochure, TV/radio, social media and overall marketing campaign design and implementation.
  • Web Design

    You want a new website, but don’t have the first clue as to how to build one. That’s our job. We take care of all facets of web design – visual design, layout design and content development. Get your business online for as little as $1,299.
    Learn more about AFP Web Design services.
  • Graphic Design

    The staff at Augusta Free Press Publishing has been recognized by the Virginia Press Association for excellence in layout and design. Whether you need a fresh business card design, rack card, ad, flyer or full magazine design, we can help with all your graphic-design needs.
    Learn more about AFP Graphic Design services.
  • Marketing

    Augusta Free Press manages advertising campaigns for small- and medium-sized businesses across Virginia. You don’t need to hire a full-time marketing coordinator. Bring the experience of the Augusta Free Press team to work for you – for a fraction of the cost.
    Learn more about AFP Marketing services.