Virginia ends fiscal year with $132 million surplus

[TexasTowelie]

Virginia just ended the last fiscal year with a $132 million surplus and leading state lawmakers already are calling to put all of the money into a new savings account.

Gov. Terry McAuliffe announced Wednesday that the state had set a record for monthly revenue by collecting $2.2 billion in June, the last month of the fiscal year, and claimed progress in offsetting federal policies that he said “have hampered our commonwealth’s economy and impacted revenue collections.”

“Since I took office, we have worked feverishly to break that cycle by diversifying our economy and laying a foundation for long-term economic growth,” said McAuliffe, a Democrat who leaves office in January. “Those efforts are paying off, but at a time when Washington is more broken than ever, we cannot afford to let up now.”

Republican leaders in the House of Delegates quickly claimed credit for the surplus, which House Speaker William J. Howell, R-Stafford, called “the result of the Republican-led General Assembly’s responsible, conservative budgeting.”

Read more: http://www.richmond.com/news/virginia/government-politics/general-assembly/virginia-ends-fiscal-year-with-million-surplus/article_c08f8ec2-a650-50f8-8e3b-459b51da7832.html

[no_hypocrisy]

1. Whenever democrats are in office and work a surplus, it's guaranteed

that republicans use the "Golden Goose" strategy for the next election. Whatever the surplus was, republicans would have and will have double that surplus if they're elected.