Gov. Bob McDonnell. (File Image)
Gov. Bob McDonnell says the state will be able to beef up its "rainy day'' cash reserve fund to almost $1 billion from the past fiscal year's surplus.
Making the final August multi-city tour of his soon-to-end term, McDonnell told reporters that unspent state appropriations combined with the revenue surplus would allow the state to make a substantial deposit into the fund.
He will announce details of the surplus next week when he addresses the General Assembly's budget-writing committees.
McDonnell is on a seven-day, 22-city tour of Virginia.