Va. ends year with budget surplus, McDonnell confirms
Virginia Gov. Bob McDonnell (R) confirmed in a radio interview Tuesday morning that the state concluded the fiscal year with a budget surplus. He told WNIS listeners in Norfolk on his monthly radio appearance that his administration would announce budget numbers tomorrow, echoing comments made last week to fellow governors during the annual meeting of the National Governors Association.
His administration has been predicting since June that year-end numbers would show that the state had returned to profitability for the year. Still, the official numbers will be comforting for officials that have spent the last year making deep cuts in the state budget to close shortfalls. "We've been able to turn it around in short order," McDonnell said during the radio program. "The good news is we've started to see a ray of sunshine. We've started to turn things around."
The General Assembly agreed that state surplus money for the year would go to pay state employees and 3 percent
raise bonus. Employees have gone without raises since 2006 and the state workforce has seen multiple rounds of layoffs. Lawmakers in both parties called for surplus funds to be used to provide employee relief.
Still, there has been some murmuring among conservatives about whether the state's first surplus in two years should be spent or saved. That's a topic we could hear more about from the governor as he announces official budget numbers this week.
-- Rosalind S. Helderman and Anita Kumar
July 13, 2010; 11:34 AM ET
Categories: General Assembly 2010 , House of Delegates , Robert F. McDonnell , State Senate
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