- Report Published -
|Review of State Spending: 2010 Update|
|Joint Legislative Audit and Review Commission|
|§ 30-58.3 (A.)|
|Virginia’s operating budget increased by 59 percent between fiscal years 2001 and 2010—a 20 percent growth in general funds and a 103 percent growth in non-general funds. These longer term budget trends mask the 13 percent decline in the general fund over the last three fiscal years.|
Adjusting for the effects of inflation and population growth, the general fund declined ten percent over the ten-year period while the non-general fund and the total budget increased by 51 percent and 19 percent, respectively. The State’s budget has also become more dependent on non-general funds as the share of the budget derived from such funds increased from 47 percent ($11.0 billion) in FY 2001 to 60 percent ($22.3 billion) in FY 2010.
Most of the ten-year, $13.8 billion growth remains concentrated in core functions of State government: health care, education, and transportation. For example, 53 percent of all budget growth occurred in just four agencies: the Department of Medical Assistance Services, Department of Education, University of Virginia (including the Medical Center), and the Department of Social Services.
General fund growth was also concentrated in a few core State agencies, largely reflecting policy choices and initiatives of the Governor and General Assembly.