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 issued the following statement following news that the U.S. Bureau of Ocean Energy Management (BOEM) has made a Determination of No Competitive Interest (DNCI) that will allow the federal bureau to offer Virginia a first of its kind offshore wind research lease.more...
Governor Bob McDonnell today announced that his upcoming biennial budget will contain considerable new funding to support Virginia's ongoing, successful, homelessness reduction and prevention efforts. The governor will call for over $9.5 million in additional funding for the Virginia Housing Trust Fund, the Rapid Re-Housing Program, and efforts to further enhance data collection. more...