Virginia will be in the black once again when the fiscal year closes out in June, Gov. Bob McDonnell said Thursday.

“We made tough choices, cutting education and health care, and six months later we had a $403 million surplus, we’re going to have another one this year, and I think that’s the formula – people understand now that they’re cutting in their personal life … short term pain for a long term gain, and prosperity’s the way to go,” he said on Fox and Friends.