- Report Published -
|Review of State Spending: 2011 Update|
|Joint Legislative Audit and Review Commission|
|§ 30-58.3 (A.)|
|Virginia’s operating budget increased by 66 percent between fiscal years 2002 and 2011—a 29 percent growth in general funds and a 105 percent growth in non-general funds. These longer term budget trends mask the decline experienced by the general fund in recent fiscal years.|
Adjusting for the effects of inflation and population growth, the general fund declined five percent over the ten-year period while the non-general fund and the total budget increased by 51 percent and 23 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 48 percent ($11.2 billion) in FY 2002 to 60 percent ($23.5 billion) in FY 2011.
Most of the ten-year, $15.5 billion growth remains concentrated in core functions of State government: health care, education, and transportation. For example, 54 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 Virginia Community College System.
General fund growth was also concentrated in a few core State agencies, largely reflecting policy choices and initiatives of the Governor and General Assembly.