Virginia’s Surprise $400 Tax Rebates: Windfall for Families or Election‑Year Gimmick?
Background: Virginia’s Revenue Boom Virginia’s 2025 tax rebates emerged from an extraordinary run of budget surpluses. Four consecutive years of higher‑than‑expected tax receipts and underspending produced about $10 billion in surplus revenue, according to the July 2025 revenue report governor.virginia.gov. General fund
