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---
type: "Bill"
title: "Filing of six-year financial outline by Governor; alternative estimates."
description: "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."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2025"
identifier: "SB 1474"
citation: "Virginia SB 1474 (2025)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["L. Louise Lucas"]
version_count: 7
action_count: 39
vote_count: 9
first_action: "2025-01-17"
last_action: "2025-04-02"
source: "openstates"
source_identifier: "ocd-bill/7423a018-4261-44ff-b5d5-22accc7c02ff"
source_url: "https://lis.virginia.gov/bill-details/20251/SB1474"
source_hash: "8ec10742e63b51bb0600d80fa7e62ae569e6c84cc52a278e6220b0ad1630c8da"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---
# Virginia SB 1474 (2025) — Filing of six-year financial outline by Governor; alternative estimates.
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.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1023043.PDF)
2. **Appropriations Amendment** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1053367.HTML)
3. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1079110.PDF)
4. **Governor's Recommendation** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1073943.HTML)
5. **House Amendments** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1061609.HTML)
6. **Reenrolled** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1075418.PDF)
7. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1068732.PDF)
## Votes
- Reported from Finance and Appropriations (15-Y 0-N) — **150** (pass) · upper
- Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A) — **390** (pass) · upper
- Senate concurred in Governor's recommendation (40-Y 0-N) — **400** (pass) · upper
- Reported from Appropriations with amendment(s) (21-Y 0-N) — **210** (pass) · lower
- Constitutional reading dispensed (on 3rd reading) — **400** (pass) · upper
- House Amendments agreed to by Senate (39-Y 0-N) — **390** (pass) · upper
- Passed Senate — **400** (pass) · upper
- House concurred in Governor's recommendation (94-Y 1-N) — **941** (pass) · lower
- Passed House (97-Y 0-N) — **970** (pass) · lower
## Sponsors
- L. Louise Lucas — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-01-17** Presented and ordered printed 25102891D `introduction`
- **2025-01-17** Referred to Committee on Finance and Appropriations `referral-committee`
- **2025-01-29** Reported from Finance and Appropriations (15-Y 0-N) `committee-passage`
- **2025-01-29** Fiscal Impact Statement from Department of Planning and Budget (SB1474)
- **2025-01-30** Rules suspended
- **2025-01-30** Constitutional reading dispensed (on 1st reading) (39-Y 0-N 1-A)
- **2025-01-30** Passed by for the day
- **2025-01-31** Read second time and engrossed `reading-2`
- **2025-01-31** Rules suspended
- **2025-01-31** Constitutional reading dispensed (on 3rd reading) (40-Y 0-N)
- **2025-01-31** Passed Senate (40-Y 0-N) `passage`
- **2025-02-06** Placed on Calendar
- **2025-02-06** Read first time `reading-1`
- **2025-02-06** Referred to Committee on Appropriations `referral-committee`
- **2025-02-06** Assigned Approps sub: General Government and Capital Outlay `referral-committee`
- **2025-02-14** Reported from Appropriations with amendment(s) (21-Y 0-N) `committee-passage`
- **2025-02-18** Read second time `reading-2`
- **2025-02-19** Read third time `reading-3`
- **2025-02-19** Appropriations Amendments agreed to `amendment-passage`
- **2025-02-19** Engrossed by House as amended
- **2025-02-19** Passed House with amendments (97-Y 0-N) `passage`
- **2025-02-20** House Amendments agreed to by Senate (39-Y 0-N) `amendment-passage`
- **2025-03-07** Enrolled `enrolled`
- **2025-03-07** Bill text as passed Senate and House (SB1474ER) `passage`
- **2025-03-07** Fiscal Impact Statement from Department of Planning and Budget (SB1474)
- **2025-03-07** Signed by Speaker `passage`
- **2025-03-10** Signed by President `passage`
- **2025-03-11** Enrolled Bill Communicated to Governor on March 11, 2025 `enrolled`
- **2025-03-11** Governor's Action Deadline 11:59 p.m., March 24, 2024 `executive-receipt`
- **2025-03-24** Governor's recommendation received by Senate `executive-veto-line-item`
- **2025-04-02** Senate concurred in Governor's recommendation (40-Y 0-N)
- **2025-04-02** House concurred in Governor's recommendation (94-Y 1-N)
- **2025-04-02** Governor's recommendation adopted `executive-signature`
- **2025-04-02** Reenrolled `enrolled`
- **2025-04-02** Reenrolled bill text (SB1474ER2) `enrolled`
- **2025-04-02** Signed by President as reenrolled `enrolled, passage`
- **2025-04-02** Signed by Speaker as reenrolled `enrolled, passage`
- **2025-04-02** Enacted, Chapter 636 (Effective 07/01/2025) `became-law`
- **2025-04-02** Acts of Assembly Chapter text (CHAP0636)
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7423a018-4261-44ff-b5d5-22accc7c02ff`. Confidence: reported (aggregated from official Virginia legislature records).