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Governor's Advisory Council on Revenue Estimates

Finance

Purpose

The Advisory Council on Revenue Estimates shall review the economic assumptions and the general economic climate of the Commonwealth and evaluate the validity of the revenue forecast.

Term

Pleasure of the Governor; legislative members shall serve terms coincident with their terms of office

Composition

The Joint Advisory Board of Economists (the Board) is established as an advisory board, within the meaning of § 2.2-2100, in the executive branch of state government for such purpose. The Board shall be chaired by the Secretary of Finance, and consist of the Staff Director of the House Committee on Appropriations, the Staff Director of the Senate Committee on Finance and Appropriations, and 15 nonlegislative citizen members, 12 to be appointed by the Governor, at least eight being citizens of the Commonwealth, and three by the Joint Rules Committee, at least two being citizens of the Commonwealth. The 15 nonlegislative citizen members of the Board shall (i) be economists from either the public or private sector; (ii) serve at the pleasure of the appointing authority; (iii) be citizens of the United States with at least 10 being citizens of the Commonwealth; (iv) have their vacancies filled in the same manner as the original appointments; and (v) not receive compensation for their services, but shall be reimbursed for all reasonable and necessary expenses for the performance of their duties as provided in §§ 2.2-2813 and 2.2-2825. Funding for the costs of expenses of the members shall be provided by the Department of Taxation. The Department of Taxation shall provide staff support. A majority of the members of the Board shall constitute a quorum. Meetings of the Board shall be held upon the call of the chairman or whenever a majority of the members so request.

Vacant Seats

The seat descriptions indicate if there is a specific requirement for that seat (a profession, consumer, someone who lives in a certain congressional district, etc.). If there is only a number listed (Seat 7), there is no specific criteria for that seat. A “citizen” seat requires someone who is not affiliated with that profession. If you're interested in any of these seats, please submit an application here.

Member of the General Public	3 seats
Total seats available: 3