Englin, Vice Chairman of the House Democratic Caucus, says the surplus is the result of borrowing $600 million from the state pension trust fund and forcing state retailers to pay their July sales taxes early. That’s in addition to the $4 billion in cuts to state services that was needed to plug Virginia’s budget deficit.
“Instead of trying to score political points by claiming a surplus that isn’t, leaders of both parties ought to level with citizens who see for themselves the decline in services and quality of life,” Englin said in a statement. “A balanced budget and responsible stewardship of taxpayer dollars requires money in to equal money out, without gimmicks that cook the books and risk our future finances.”