State to spend $220M surplus on bonuses, education, water - NBC12 - WWBT - Richmond, VA News On Your Side

State to spend $220M surplus on bonuses, education, water

By Andy Jenks - bio | email
Posted by Terry Alexander - email

RICHMOND, VA (WWBT) - After months of cutting programs and jobs, the state government now appears to have more money than expected. It means the state workforce is about to cash in. But Virginia's troubles are far from over.

It's the kind of news Virginia hasn't heard in a while, and Governor Bob McDonnell wasn't about to keep it a secret. In January, Virginia faced a budget deficit of $1.8-billion. Six months later, there's a $220-million surplus. It means the state workforce will collect a onetime 3% bonus in December.

"There is much hard work to be done, and it is no time to let up on conservative budgeting," said Gov. Bob McDonnell (R).

The surplus also will be spent on improving education, water quality, and transportation. But it doesn't mean Virginia's budget crunch is over....it's just not as bad as predicted.

"I would say to my fellow citizens, that we are not at all out of the woods," McDonnell said.

The surplus was later praised, even by Democrats, including Delegate Joe Morrissey (D-Henrico), who said "I extend kudos to the governor, and the executive branch for their prudent management of our purse strings."

But critics said it's a surplus in name only.

"It's hard for me to view this as a true surplus when there are so many unmet needs," said Senator Don McEachin (D-Henrico).

Earlier, McDonnell said, "I'm disappointed that people wouldn't want to see a little bit of good news coming out of the Virginia budget. Both the legislature and the executive branch have worked pretty hard to get to the point where we can announce this."

McDonnell said the surplus was not impacted by the state's accelerated sales tax program, requiring businesses to pay their taxes early. That revenue was said to be already factored in. Whether the momentum continues depends on many things, including the credit and real estate markets, and the unemployment rate.

The December bonus for state workers will be the first extra pay since 2007, according to the governor's office. The numbers will be made official in August, but they're not expected to change much between now and then.

Copyright 2010 WWBT NBC12. All rights reserved.

  • Latest news from NBC12.comNEWSMore>>

  • Here's what happened this weekend to make you smile

    Here's what happened this weekend to make you smile

    Sunday, June 24 2018 7:26 PM EDT2018-06-24 23:26:02 GMT
    Sunrise over the James River (Source: Joey Orencia)Sunrise over the James River (Source: Joey Orencia)
    Sunrise over the James River (Source: Joey Orencia)Sunrise over the James River (Source: Joey Orencia)
    IT'S BURGER WEEK BABY!  This weekend kicked off the long-awaited Burger Week in RVA, where restaurants all around the area offer $5 burger specials. Yes, you read that right -- ONLY $5 for these awesome burgers. It's the perfect way to eat out if you're on a budget! (That's right, we're talking to you college students).  Check out the full list of places and burgers. Photo of the Weekend: Who wouldn't want to wake up to this view?! Take a look at this sunrise o...More >>
    IT'S BURGER WEEK BABY!  This weekend kicked off the long-awaited Burger Week in RVA, where restaurants all around the area offer $5 burger specials. Yes, you read that right -- ONLY $5 for these awesome burgers. It's the perfect way to eat out if you're on a budget! (That's right, we're talking to you college students).  Check out the full list of places and burgers. Photo of the Weekend: Who wouldn't want to wake up to this view?! Take a look at this sunrise o...More >>
  • Police search for suspects after carjacking elderly woman

    Police search for suspects after carjacking elderly woman

    Sunday, June 24 2018 7:07 PM EDT2018-06-24 23:07:43 GMT
    The victims suffered non-life-threatening injuries. (Source: RNN)The victims suffered non-life-threatening injuries. (Source: RNN)
    The victims suffered non-life-threatening injuries. (Source: RNN)The victims suffered non-life-threatening injuries. (Source: RNN)

    Police are searching for three suspects after who they say carjacked an elderly woman in Chesterfield County. Officials said the incident happened in the 3400 block of Summerbrooke Drive around 5 p.m. on Sunday. According to police, a man and woman approached the woman in her driveway, taking her keys and cellphone. A third person showed a handgun and push her to the ground. The three left in her white 2015 Nissan Versa with Virginia license plate KDH-8100. Police said the carjack...

    More >>

    Police are searching for three suspects after who they say carjacked an elderly woman in Chesterfield County. Officials said the incident happened in the 3400 block of Summerbrooke Drive around 5 p.m. on Sunday. According to police, a man and woman approached the woman in her driveway, taking her keys and cellphone. A third person showed a handgun and push her to the ground. The three left in her white 2015 Nissan Versa with Virginia license plate KDH-8100. Police said the carjack...

    More >>
  • FIRST ALERT FORECAST: Threat of severe storms Sunday evening

    FIRST ALERT FORECAST:

    Sunday, June 24 2018 5:11 PM EDT2018-06-24 21:11:36 GMT

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>

    Get the latest forecast from the NBC12 First Alert Weather team.

    More >>
Powered by Frankly