(Richmond, VA) -- The state of Virginia is celebrating higher-than-expected tax revenue for the fiscal year that ended June 30th. Richard Stelling reports.Preview: Voicer Script:
The governor's office announced Friday that the state collected about one-point-two-billion dollars more than expected during the 12-month budget period. General fund revenue was expected to grow by just over one-percent during the year, but actually increased by more than five-percent. Governor Youngkin said the increase shows that job growth has led to record revenue, allowing the state to invest in shared priorities while cutting taxes for Virginians.