Thursday, October 30th, 2014

Promises about State Finances on Bob-O-Meter

Expand the Rainy Day Fund

"I will call for an increase in the allowable size of the Rainy Day Fund, to help buttress the Commonwealth against the difficult times that we must always be prepared for."

Issue transportation bonds

While the General Assembly authorized $3 billion in bonds in 2007, not a single dollar of that money has been issued as of today. McDonnell will assure these bonds are issued beginning in 2010...As the economy recovers, Bob McDonnell will further seek the issuance of new bonds for highly congested areas, with a goal of issuing at least another $1 billion for priority state projects.

Propose legislation to privatize liquor stores

Bob McDonnell will propose legislation to privatize ABC operation and use revenue generated for transportation, with most of the money going to maintenance.

Put tolls on North Carolina border

As governor, Bob McDonnell will provide an additional dedicated revenue stream for essential transportation needs by tolling travellers coming into Virginia at the North Carolina border on I-95 and I-85.