Nov 11, 2009
Virginia Releases 2009 State Spending Report
In one of the more interesting annual reports to explore state spending trends, Virginia’s Joint Legislative and Audit and Review Commission (JLARC) Annual Report on State Spending was released earlier this week.
It shows state spending has increased by 73 percent between fiscal years 2000 and 2009. Adjusted for inflation and population growth, the budget has grown by 28 percent. The annual state budget grew from $21.4 billion in 2000 to $37.1 billion in 2009. This includes General Fund and Non-General Fund revenues.
Twenty agencies accounted for 88 percent of the growth in the state budget. The greatest growth in spending resulted from increases in spending on K-12 education, Department of Medical Assistance Services and the Department of Transportation (page 20 of the report).
This annual report on increased state spending is produced each year by JLARC, and released before the Virginia Governor releases the Biennial Budget in December.