Nearly every economic indicator in Virginia points toward growth even as the country shows signs of an economic stall.

“Strong revenue results for April, a significant collection month, indicate that the Virginia economy continues to exceed our prudent forecast,” said Secretary of Finance Stephen Cummings.

Total revenue for the 10-month period is up 6.3% or almost $1.5 billion compared to the previous fiscal years. April alone showed an increase of 8.8% year over year.

“Virginia’s financials remain strong, reflecting strong job growth and business investment,” said Governor Glenn Youngkin. “With over 265,000 more Virginians working today versus three years ago and over $100 billion in capital investment commitments from companies eager to grow in Virginia, the Commonwealth’s financial performance is tracking ahead of forecast.”

Democrats have criticized both Governor Youngkin and Lt. Governor Winsome Earle-Sears for federal downsizing, but data shows that the Commonwealth is gaining private sector jobs faster than federal layoffs. In March Virginia lost 4,100 federal jobs but expanded the private sector workforce by more than 10,000. Youngkin announced an online portal showcasing more than 250,000 jobs available across the state.

Lt. Governor Winsome Earle-Sears recently took to Twitter promoting a range of programs designed to help former Federal workers transition into the workforce.

Virginia’s sports betting and casino revenues have also increased with sports bettors’ wagers nearly doubling in the past four years. Casino revenue has increased nearly 32% year-over-year in June generating over $14 million in tax revenue.

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