The Commonwealth of Virginia finished FY 2013 $585 million in the - TopicsExpress



          

The Commonwealth of Virginia finished FY 2013 $585 million in the black; the fourth surplus in four years of this administration. Total surpluses during term equal nearly $2Billion, the largest ever for any administration. Our good performance on the revenue front is concrete evidence of the Commonwealth’s improving jobs picture, real estate market, and overall economic conditions. Virginia has created 172,600 net new jobs since February 2010. Over 90% of those jobs are in the private sector. Virginia’s seasonally adjusted unemployment rate has declined from 7.4% in February 2010 to 5.5% today. Our unemployment rate is the lowest rate in the Southeast, and well below the rates of our neighboring states. It is the third lowest state unemployment rate east of the Mississippi. The bottom line is that, during this administration, we have worked to hold the line on state spending and focus on economic growth. I am especially pleased with our bipartisan accomplishments and new targeted investments in K-12 and higher education, public safety, economic development, health and human services, natural resources, and transportation. governor.virginia.gov/News/viewRelease.cfm?id=1948
Posted on: Mon, 19 Aug 2013 14:53:56 +0000

Trending Topics



Recently Viewed Topics




© 2015