Virginia Gov. Bob McDonnell formally outlined his budget amendments for the 2011-2012 biennium before the joint money committees of the General Assembly Friday, listing his top four priorities for the upcoming session as government reform, economic development, transportation, and higher education.

After a bleak session this year in which the state had to close a $4.2 billion shortfall in the current two-year budget, McDonnell is forecasting about $283 million in total net revenue over fiscal 2011 and 2012.