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Posted at 1:30 PM ET, 07/14/2010

McDonnell's surplus that isn't

By Paige Winfield Cunningham

Miracle of miracles, Virginia has a budget surplus just three months after the walls of the capital building seemed to be crumbling for lack of funds.

Apparently we'll learn about how Gov. Bob McDonnell's leadership saved the day, when the governor announces budget updates today.

He's right, if by "surplus" you mean money that was supposed to go to into the pension fund and funds originally intended to provide 3 percent bonuses for state employees for the first time since 2006.

As McDonnell applauds the "extra" money, the retirement cushion for state employees is nearly $1 billion thinner. The state deferred payments of $137 million from the fourth quarter of fiscal 2010 and $620 million from the 2010-12 biennium budget. It also lightened the payment burden on localities by some $200 million.

As McDonnell toots his horn, the message seems to be: Why do today what you can put off until tomorrow?

Paige Winfield Cunningham is an investigative reporter and managing editor at Old Dominion Watchdog. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.

By Paige Winfield Cunningham  | July 14, 2010; 1:30 PM ET
Categories:  HotTopic, Local blog network, Va. Politics, Virginia, economy, taxes  
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Comments

And he has not yet started accruing all that money from the off-shore drilling leases that will be, someday perhaps, let out. We'll be swimming in cream!

Posted by: AMviennaVA | July 14, 2010 1:55 PM | Report abuse

Yep, just another criminal with a pack of lies out to save the world and enslave the population to poverty. Gee, isn't that a new one?

Time to book the criminal to the curb and try another one. However, with the shadow powers in control and these simple politicians/public-servants serving as puppets to deliver the agenda of the world power brokers, things and not likely to change for awhile.

Once again it is time for the people to regain their power which has been usurped by these diabolically evil powers. Our forefathers were able to do it; We need to now step up to the plate and pickup our responsibilities.

Posted by: JohnFSmith | July 14, 2010 2:17 PM | Report abuse

Nice to see real business people in charge for a change. As McDonnell says about the Democrats: They can't do math. Bunch of liberal arts, English majors who don't know a debit from a credit. Fortunatly, the days of Democrats and Liberals in this Commonwealth are numbered...

Posted by: dcmowbray1 | July 14, 2010 9:59 PM | Report abuse

And how long have the Repubs been in control of the Assembly now for those who believe the "Dems can't do math" ? Where is all that money the Repubs have been promising to fix transportation in VA ? Changing HOV lanes into Hot lanes inside the beltway is a tax increase. Privatizing the ABC stores will end up being a tax increase. Less support to education in VA is the same as a tax increase because we will have to make up the difference in some way. Spending money on frivilous law suits is using our taxes irresonsibly. Now tell me again how Repubs are better at math ?

Posted by: Falmouth1 | July 15, 2010 5:38 AM | Report abuse

And how long have the Repubs been in control of the Assembly now for those who believe the "Dems can't do math" ? Where is all that money the Repubs have been promising to fix transportation in VA ? Changing HOV lanes into Hot lanes inside the beltway is a tax increase. Privatizing the ABC stores will end up being a tax increase. Less support to education in VA is the same as a tax increase because we will have to make up the difference in some way. Spending money on frivilous law suits is using our taxes irresponsibly. Now tell me again how Repubs are better at math ?

Posted by: Falmouth1 | July 15, 2010 5:39 AM | Report abuse

Why should state employees have a fancy retirement cushion at the expense of raping your grandchildren?

That is what overpaying the bureaucrats gets you: a future of rape.

Posted by: jiji1 | July 15, 2010 5:03 PM | Report abuse

If you used the most powerful electron microscope, you still wouldn't be able to see how little sympathy I have for state employees and their defined benefit pension plan.

Posted by: angelos_peter | July 16, 2010 10:15 AM | Report abuse

Sure, give the state employees a bonus for cutting education, healthcare and public safety. Wait until you need a cop or ambulance.

Posted by: jckdoors | July 16, 2010 1:10 PM | Report abuse

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