Va. Budget Surplus Nearly Double Original Estimate

August 17, 2010

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.

The senior advisers spoke on the condition of anonymity because they were not authorized to pre-empt the governor's speech.

Final general tax collections will total about $230 million. But officials did not expect the unspent balances saved by state agencies through austerity moves to reach about $174 million.

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

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