Virginia Gov. Warner Says Expected Surplus Has Grown to $1.2B

Vadum, Matthew
February 2005
Bond Buyer;2/2/2005, Vol. 351 Issue 32062, p4
Trade Publication
The article informs that Virginia Governor Mark R. Warner has told legislative leaders that the commonwealth is expected to generate a nearly $1.2 billion surplus in the fiscal 2005-2006 biennium, up from the $918 million surplus forecast in December 2004. Warner, a Democrat, urged members of the Republican-dominated General Assembly to spend part of the windfall on transportation and on cleaning up Chesapeake Bay. Lawmakers appear likely to earmark at least some of the extra funds for transportation, but some have called for using part of the money for tax relief.


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