WASHINGTON — Virginia finished its 2013 fiscal year with a $585 million budget surplus, Gov. Bob McDonnell announced Monday.
The amount is the commonwealth’s largest surplus since 2005. Virginia’s general fund revenue collections and transfers in fiscal 2013 exceeded the official budget estimate by $264.3 million, and state unexpended balances and recoveries were $320.7 million. Fiscal 2013 ended on June 30.