Governor Bob McDonnell Delivers Budget Surplus
July 16, 2010
Budget surplus loosens purse strings a bit in
Virginia
By Rosalind S. Helderman
Washington Post Staff Writer
Thursday, July 15, 2010; B01
RICHMOND -- For the first time in nearly four years, Virginia state employees are going to get a pay boost. And after years of cuts so deep that teachers were laid off and highways went unrepaired, schools and roads are going to get millions in unexpected state cash.
The rare bit of positive news came Wednesday, when Gov. Robert F. McDonnell announced that Virginia has an unexpectedly large budget surplus of about $220 million. The surplus makes Virginia one of at least 10 states that have reported finishing the past fiscal year in the black, and it provides hope that the recovery is real.