30
      Monday
      33 / 30
      Tuesday
      42 / 30
      Wednesday
      47 / 25

      Virginia Surplus Will Total $311 Million

      RICHMOND, Va. (AP) -- Documents obtained by The Associated Press show that Virginia's government ended its last fiscal year on June 30 with an unspent balance of $311 million.

      Gov. Bob McDonnell plans to detail how state government ended the year in the black at a Tuesday news conference.

      A draft analysis of final revenues for fiscal 2011 shows the bulk of the surplus comes from individual income tax collections. They exceeded official budgeted forecasts by nearly $200 million.

      (Copyright 2011 by The Associated Press. All Rights Reserved.)

      APNP 07-19-11 0516EDT

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