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Virginia Budget

Tuesday, December 18, 2012

McDonnell Budget Amendments Up Spending by $211M

Local officials don't agree with directing $48 million of general fund money to transportation projects.

Gov. Bob McDonnell announced Monday a series of amendments to the Virginia State Budget that would increase net spending by more than $200 million. The amendments find $500 million in savings in the state’s two-year, $80 billion budget. But they propose an additional $736 million in new spending for teacher raises, funding to state colleges and increases in funding to local governments, along with transportation projects and teacher salary. “The budget amendments that I am presenting today reflect  … the realities of this economy and the looming uncertainty that budget gridlock in Washington and the fiscal cliff are having on our economy,” McDonnell said in a statement. “Yet they look forward to building upon our legacy of conservative and…

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