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Home / News Stories / McDonnell: Virginia will have surplus at year’s end (access required)

McDonnell: Virginia will have surplus at year’s end (access required)

Despite months of declining revenues and a small decrease in May tax collections, Gov. Bob McDonnell is predicting a year-end state budget surplus. McDonnell’s administration said the state will finish the current fiscal year by month’s end in the black if it can collect $1.37 billion in June. General fund tax collections for May were down slightly, ...