Virginia may have finished the past fiscal year with a $545 million surplus, but the state will likely have to borrow an additional $251 million between next month and April 2013 to repay the federal government for loans to its unemployment insurance trust fund, which remains underwater for the second consecutive year.
Virginia may have finished the last fiscal year with a $545 million surplus, but the state will likely have to borrow an additional $251 million between September and April 2013 to pay back the federal government for loans to its unemployment insurance trust fund — which remains underwater for the second consecutive year.
