The Washington Post

Virginia state revenues rose in May

State revenues are up. Just how much they’re up depends on how you want to slice and dice the figures.

Gov. Robert F. McDonnell (R) talks after signing a bill to create the Governor's Agriculture and Forestry Industries Development Fund at Gerald Garber's Cave View Farm in Weyers Cave, Va., in May. (Nikki Fox/AP)

On a year-to-date basis, total revenue collections rose 6.2 percent.

Adjusting for the accelerated sales tax program, which requires retailers to pay sales tax a month early, total revenues grew 5.9 percent.

The overall 8.3 percent growth rate in May was below the 10.6 percent growth rate achieved in April.

 “Virginia’s recovery continues to demonstrate why this is the best state in the nation in which to do business and live the American Dream,” Gov. Robert F. McDonnell (R) said in a prepared statement. “Our falling unemployment rate, down to its lowest point in over three years, and recent positive news about state revenues, are a result of the common-sense policies we’ve enacted here in Richmond, and, more than anything else, the innovation, talent and skill of the incredible people of this state.

“To continue growing our economy we must continue taking every step possible to help the private sector create more good jobs for our citizens,” McDonald said. “We will continue to pursue pro-free market policies in Richmond that help our private sector entrepreneurs and leaders grow and expand and innovate. That is how we will get our economy back on track, and Virginians back to work.”

Laura Vozzella covers Virginia politics for The Washington Post.



Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Show Comments
Most Read



Success! Check your inbox for details.

See all newsletters

Your Three. Videos curated for you.
Play Videos
This isn't your daddy's gun club
A look inside the world of Candomblé
It's in the details: Five ways to enhance your kitchen makeover
Play Videos
A fighter pilot helmet with 360 degrees of sky
The rise and fall of baseball cards
Is fencing the answer to brain health?
Play Videos
John Lewis, 'Marv the Barb' and the politics of barber shops
How to prevent 'e-barrassment'
The art of tortilla-making
Play Videos
Circus nuns: These sisters are no act
How hackers can control your car from miles away
How the new credit card chip makes purchases more secure