What We Do
The Secretary of Finance provides guidance to the four key agencies within the Finance Secretariat. These agencies handle all the financial transactions of the Commonwealth — from collecting taxes to paying bills to distributing aid to localities. Their responsibilities include:
- forecasting and collecting revenues
- managing the Commonwealth’s cash and investments
- selling bonds
- overseeing internal audits
- making strategic financial plans
- preparing and executing the Commonwealth’s budget.
Governor Bob McDonnell announced today that April revenue collections increased by 2.2 percent over the prior year. April is a significant month for revenue collections, because, in addition to regular revenue collections, final payments for tax year 2012 and the first estimated tax payment for tax year 2013 were due from corporations April 15. On a year-to-date basis, total revenue collections rose 4.1 percent through April, ahead of the annual forecast of 3.6 percent growth. more...
Governor Bob McDonnell has issued a proclamation recognizing April 16, 2013 as Virginia Tech Remembrance Day in the Commonwealth of Virginia. The Virginia Tech Day of Remembrance Ceremony will take place tomorrow at 9:30 a.m. at the Capitol Square Bell Tower marking the 6th anniversary of the tragedy at Virginia Tech. Lieutenant Governor Bolling will lead the state ceremony. At 9:43 a.m. there will be an official moment of silence observed in the Commonwealth, followed by the ringing of the Capitol Square Bell Tower once for each victim of the tragedy. more...