Governor designates a fourth of surplus for rainy day fund

By Virginia Lawyers Weekly
Published: August 23, 2011

Gov. Bob McDonnell says Virginia ended the last fiscal year with a surplus of nearly $545 million. In remarks prepared for delivery to Virginia's legislative money committees on Thursday, McDonnell said state agency savings and agency balances resulted in an increase from the previously announced surplus. Last month, the governor said Virginia ended the year with a ...

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