RICHMOND, Va. (AP) — Gov. Bob McDonnell said the state government ended the latest fiscal year in June with an unspent balance of $448 million, but more than 90 percent of it is already obligated by state law, including a 3 percent pay bonus for state employees.

McDonnell told the General Assembly’s budget-writing committees on Wednesday that total savings from government operations for the past 12 months include $187 million from state agencies and $132 million recouped from higher education and other sources.