July 20, 2011

Virginia’s Economy Benefits From Fiscal Discipline

Maurice P. McTigue

Vice President, Outreach

Virginia is now experiencing the benefits of strong and courageous decision making by Gov. McDonnell and the Legislature at the beginning of 2009 when they made the deep cuts necessary to restore fiscal balance to the Commonwealth’s budget.

The two fiscal surpluses that Virginia has now experienced are the product of rigorous fiscal discipline that has enabled Virginia to be one of the leading states in recovering from the recession with improved employment and business investment figures.

It is this discipline and a growing culture of the government having to live within its means that has also seen Virginia recognized as the best state in the Union in which to do business. Making the state attractive to business investment is the most important factor in the success of Virginia in creating jobs and improving the prosperity of Virginians.