January General Fund Revenues Remain Consistent with Forecast
Press Release
Issues: Economy and Fiscal
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“The Commonwealth’s January revenues show that our conservative forecast remains prudent as conflicting economic signals continue to cloud definitive conclusions in the fiscal year. Virginia’s labor market remains tight and we continue to monitor withholding and non-withholding patterns as we start a new calendar year. This month’s report confirms we budgeted appropriately when releasing our Unleashing Opportunity budget in December and as the budget process moves forward in the General Assembly this weekend we can all be confident the topline forecast remains prudent.”
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