Virginia’s budget posted a surplus for the second consecutive year, allowing the state to begin to replenish its rainy-day reserves and contribute to its ailing state pension fund. Revenues, led by growth in individual income tax receipts, exceeded expectations by about $311 million, bringing the commonwealth’s total tax collections to more than $15 billion,

Gov. Bob McDonnell said on Tuesday. Fiscal 2011 marks the first year since 2008 of actual revenue growth over the previous year.