Thursday, August 19, 2010

Governor Announces Plans on How to Spend the Surplus

Gov. Robert F. McDonnell (R) announced Thursday that Virginia will spend its budget surplus on a bonus for state employees, cleaning up the Chesapeake Bay, transportation and education. According to the Washington Post:

"McDonnell told legislators the state will spend $82.2 million on a 3 percent bonus for state employees, $18.7 million for education, $48 million for roads and $36.4 million for Virginia's Water Quality Improvement Fund, which is used for the Chesapeake Bay cleanup. State employees have not received a raise since November 2007. Other money will be spent on previous obligated accounts, such as the rainy day fund.
McDonnell has until December to recommend to spend a remaining $71.2 million."

No comments: