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.

Recent News

Newsroom
April 2018 General Fund Revenue Collections Up 17.8% From the Previous Year and Fiscal-Year-To-Date Collections are Up 6.7%
Governor Northam announced today that April revenue collections grew 17.8 percent. On a fiscal year-to-date basis, total revenue collections rose 6.7 percent, ahead of the annual forecast of 3.4 percent growth.
Governor Northam Announces Administration Appointments
Governor Ralph Northam announced additional appointments to his Administration today.
Governor Northam Designates May 6 – 12 as Virginia Public Service Week
Governor Ralph Northam has proclaimed the week of May 6 – 12, 2018 as Public Service Week in Virginia to celebrate the commitment and dedication of 713,000 individuals who serve the Commonwealth in federal, state and local jobs.
Governor Northam Announces Arconic to Relocate Global Headquarters to Fairfax County
Governor Ralph Northam today announced that Arconic Inc. (NYSE: ARNC), a global technology, engineering and advanced manufacturing leader, will relocate its global headquarters from New York City to Fairfax County.
March 2018 General Fund Revenue Collections Are Down 3.5% From the Previous Year and Fiscal-Year-To-Date Collections are Up 5.2%
Governor Northam announced today that, although March is not a significant month for collections, revenue decreased 3.5 percent as payroll withholding had one less deposit day than a year ago.
Governor Northam Introduces New Biennial Budget for April 11th Special Session
Governor Ralph Northam today unveiled the budget that he will be proposing to the Virginia General Assembly as they prepare to return to Richmond on April 11th to finish their work on the Commonwealth’s biennial spending plan.
Governor Northam Announces Administration Appointments
Governor Ralph Northam announced additional appointments to his Administration today.
Governor Northam Announces January 2018 General Fund Revenue Collections Up 5.1% From The Previous Year And Fiscal-Year-To-Date Collections Up 5.8%
Governor Northam announced today that January General Fund revenues rose 5.1 percent from the previous January – largely due to payroll withholding.
Governor-Elect Ralph Northam Announces Administration Appointments
Governor-elect Ralph Northam today announced key appointments for senior leadership positions within his administration.

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