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Finance committee hears investment outlook and sales tax recovery as revenue estimates rise slightly
Northern Virginia Transportation Authority Finance Committee · February 13, 2026
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Summary
Staff reported the investment portfolio is outperforming benchmarks and described a laddered strategy ahead of anticipated Fed rate cuts; sales tax receipts are improving and staff reported a FY27 revenue estimate of $407 million, slightly above FY26.
Unidentified Staff (Speaker 6) provided an investment update, saying the Federal Reserve had no rate changes at its Jan. 8 meeting and that a new Fed chair is expected in May 2026 with a few rate cuts anticipated thereafter. Staff described the portfolio strategy as a laddered mix of short…
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