Virginia’s “Rainy Day Fund” is in a good place budget wise. Governor Bob McDonnell says the state’s “Rainy Day Fund” is on pace to exceed a billion dollars by the end of Fiscal Year 2016. However, this projection is a dramatic change for the balance sheet of Virginia’s emergency cash reserve. The projected surplus in the “Rainy Day Fund” is made possible through conservative budgeting and ongoing private sector job creation across the commonwealth.
The Commonwealth of Virginia is in good shape to cover the cost of unexpected major emergencies.
Read the full story on Virginia’s “Rainy Day Fund” budget surplus from the desk of Governor Bob McDonnell.
Virginia’s Rainy Day Fund Exceeds $1 Billion By FY 2016 was originally published on kissrichmond.com
