Sources Say Virginia Final 2010 Budget Surplus Nearly $404 Million | WAMU 88.5 - American University Radio

: News

Sources Say Virginia Final 2010 Budget Surplus Nearly $404 Million

Play associated audio

By Meymo Lyons

Aides to Gov. Bob McDonnell say the state's final 2010 budget surplus will be nearly $404 million, nearly double the previous estimate.

McDonnell planned to make the announcement Thursday to the General Assembly's money committees...but senior advisors not authorized to pre-empt the governor's speech, and speaking on the condition of anonymity say- Final general tax collections will total about $230 million. The remainder comes from unspent balances.

The governor's spokesman, J. Tucker Martin, refused a request for comment.

The windfall continues a dizzying and unlikely fiscal turnaround for a state whose general operating fund in January faced a $1.8 billion shortfall.

Legislative Democrats credit former VA governor (and now DNC chairman) Tim Kaine and maintain the surplus should never have been surprising.

For months after he succeeded Democrat Tim Kaine in January, Democrats have complained McDonnell downplayed estimated revenues, creating the perception of a rebound under the GOP's watch.

WAMU 88.5

Second Annual Funk Parade To Take Over U Street

This weekend you can get funky on U Street with live music, a street festival and a parade, as tomorrow marks the second Funk Parade. Funk Parade organizers couldn't get a permit to march down U Street last year, but the crowd veered off V Street anyway to where co-founder Justin Rood always...
NPR

How Dangerous Is Powdered Alcohol?

Last month, the U.S. Alcohol and Tobacco Tax and Trade Bureau approved a powdered alcohol product, making both parents and lawmakers nervous. Some states have already banned powdered alcohol. NPR's Arun Rath speaks with Brent Roth of Wired, who made his own powdered concoction and put it to the test.
NPR

Obama Administration Forced To Defend Strategy Against ISIS In Iraq

On this Memorial Day, the Obama administration finds itself defending its foreign policy strategy in Iraq where the self-proclaimed Islamic State, also known as ISIS, has captured the city of Ramadi.
NPR

In California, Technology Makes "Droughtshaming" Easier Than Ever

As California's drought continues, social media and smart phone apps let just about anyone call out water waste, often very publicly.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.