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.
Latest News 
Governor Bob McDonnell announced today that April revenue collections rose 10.6 percent over the same month a year ago. April is a significant month for revenue collections. In addition to regular collections of withholding and sales taxes, final payments for tax year 2011 and the first estimated payment for tax year 2012 were due from corporations on April 17. Also, a large portion of estimated and final payments from individuals, which are due May 1, are typically received in April. May, however, normally contains the high income tax returns, therefore April and May payments need to be looked at together.
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Last night, Governor Bob McDonnell submitted his amendments to the budget passed by the General Assembly during the 2012 special session, meeting his agreed-upon seven-day deadline for reviewing the delayed budget bill. The governor sent in $43.9 million in budget amendments prior to the midnight deadline for executive action.
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