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Virginia Politics
Posted at 05:59 PM ET, 07/13/2012

Virginia ends fiscal year with state budget surplus

For the third year in a row, Virginia has ended the fiscal year with a budget surplus.


From left, Nebraska Gov. Dave Heineman, Virginia Gov. Robert F. McDonnell and Delaware Gov. Jack Markell take questions at the opening of the National Governors Association meeting in Williamsburg Friday. (Bob Brown - Associated Press)
Just how big a surplus we can’t say, but Gov. Robert F. McDonnell (R) let it be known Friday that the state was in the black for the fiscal year that ended June 30.

McDonnell shared news of the surplus at the National Governors Association meeting in Williamsburg, my colleague Anita Kumar reports. But he did not provide details.

Last year in August, McDonnell announced that the state had finished the previous fiscal year with a surplus of $544.8 million.

By  |  05:59 PM ET, 07/13/2012

 
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