2025 Regular SessionVirginia Legislature

SB1474: Filing of six-year financial outline by Governor; alternative estimates.

Legislative Summary

Filing of six-year financial outline; alternative recession estimates; revenue estimates based on Governor's Advisory Council on Revenue Estimates. Requires the Governor to include, in addition to all other requirements in law, (i) alternative recession estimates of anticipated general fund and nongeneral fund revenue and (ii) revenue estimates for the general fund and nongeneral fund based on the assumptions presented to the Governor's Advisory Council on Revenue Estimates in his financial plan for a prospective period of six years submitted to the General Assembly.

Demographic Impact

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Bill History

1/17/2025
Presented and ordered printed 25102891D
Senate
1/17/2025
Referred to Committee on Finance and Appropriations
Senate
1/29/2025
Reported from Finance and Appropriations (15-Y 0-N)
Senate
1/29/2025
Fiscal Impact Statement from Department of Planning and Budget (SB1474)
Senate
1/30/2025
Rules suspended
Senate
1/30/2025
Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
Senate
1/30/2025
Passed by for the day
Senate
1/31/2025
Read second time and engrossed
Senate
1/31/2025
Rules suspended
Senate
1/31/2025
Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
Senate
1/31/2025
Passed Senate (40-Y 0-N)
Senate
2/6/2025
Placed on Calendar
House of Delegates
2/6/2025
Read first time
House of Delegates
2/6/2025
Referred to Committee on Appropriations
House of Delegates
2/6/2025
Assigned Approps sub: General Government and Capital Outlay
House of Delegates
2/14/2025
Reported from Appropriations with amendment(s) (21-Y 0-N)
House of Delegates
2/18/2025
Read second time
House of Delegates
2/19/2025
Read third time
House of Delegates
2/19/2025
Appropriations Amendments agreed to
House of Delegates
2/19/2025
Engrossed by House as amended
House of Delegates
2/19/2025
Passed House with amendments (97-Y 0-N)
House of Delegates
2/20/2025
House Amendments agreed to by Senate (39-Y 0-N)
Senate
3/7/2025
Enrolled
Senate
3/7/2025
Bill text as passed Senate and House (SB1474ER)
Senate
3/7/2025
Fiscal Impact Statement from Department of Planning and Budget (SB1474)
Senate
3/7/2025
Signed by Speaker
House of Delegates
3/10/2025
Signed by President
Senate
3/11/2025
Enrolled Bill Communicated to Governor on March 11, 2025
Senate
3/11/2025
Governor's Action Deadline 11:59 p.m., March 24, 2024
3/24/2025
Governor's recommendation received by Senate
4/2/2025
Senate concurred in Governor's recommendation (40-Y 0-N)
Senate
4/2/2025
House concurred in Governor's recommendation (94-Y 1-N)
House of Delegates
4/2/2025
Governor's recommendation adopted
4/2/2025
Reenrolled
Senate
4/2/2025
Reenrolled bill text (SB1474ER2)
Senate
4/2/2025
Signed by President as reenrolled
Senate
4/2/2025
Signed by Speaker as reenrolled
House of Delegates
4/2/2025
Enacted, Chapter 636 (Effective 07/01/2025)
House of Delegates
4/2/2025
Acts of Assembly Chapter text (CHAP0636)

Amendments

Appropriations Amendment

Appropriations Amendment

Not Adopted

Appropriations Amendment

Appropriations Amendment

Not Adopted

House Amendments

House Amendments

Not Adopted

Roll Call Votes

Senate concurred in Governor's recommendation (40-Y 0-N)
4/2/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
House concurred in Governor's recommendation (94-Y 1-N)
4/2/2025
94
Yea
1
Nay
0
Not Voting
5
Absent
Result: PASSED
House Amendments agreed to by Senate (39-Y 0-N)
2/20/2025
39
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Passed House with amendments (97-Y 0-N)
2/19/2025
97
Yea
0
Nay
0
Not Voting
3
Absent
Result: PASSED
Reported from Appropriations with amendment(s) (21-Y 0-N)
2/14/2025
21
Yea
0
Nay
0
Not Voting
1
Absent
Result: PASSED
Passed Senate (40-Y 0-N)
1/31/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
1/31/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
1/30/2025
39
Yea
0
Nay
1
Not Voting
0
Absent
Result: PASSED
Reported from Finance and Appropriations (15-Y 0-N)
1/29/2025
15
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED

Status Information

Current Status
Passed(4/2/2025)
Chamber
House of Delegates

Sponsors

Democrat: 1

Primary Sponsor

Louise Lucas
Louise Lucas
Democrat

Documents

Enrolled
Bill Text4/2/20253.5 KB
Chaptered
Bill Text4/2/20253.3 KB
Enrolled
Bill Text3/7/20253.4 KB
Introduced
Bill Text1/17/20253.8 KB
Misc
Misc3/24/20250.6 KB
Fiscal Note/Analysis
Fiscal Note/Analysis3/7/202597.8 KB
Fiscal Note/Analysis
Fiscal Note/Analysis1/29/202597.2 KB