BRADENTON, Fla. — Virginia Gov. Robert McDonnell Monday outlined his biennial budget for fiscal 2013-14, which includes enhancing reserves to protect the state's gilt-edge ratings and additional funds to help insulate the state against cuts in federal revenue.

McDonnell's two-year budget totals $85 billion, an increase of $5 billion over the current budget, and includes more than $323 million of bonds for college and university capital projects.

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