
McDonnell announces $544.8M surplus for 2010-2011
In his annual summer address to the Joint Money Committees of the General Assembly this morning, Gov. Bob McDonnell announced that Virginia has posted a surplus of over half a billion dollars for FY 2011. The $544.8 million surplus follows the Commonwealth’s $403.3 million surplus for FY 2010. The FY 2011 surplus consists of the…