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Va. Gov. Terry McAuliffe proposes changes to state budget, wants to boost economic development

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RICHMOND, Virginia — Gov. Terry McAuliffe wants to more than double the pot of money he can spend trying to lure companies to Virginia, ease school districts' teacher retirement burdens, and give raises to rookie deputy sheriffs.

The governor unveiled these and other proposed changes to the state's biennial budget Wednesday at a Capitol briefing to state lawmakers.

To help pay for the Democratic governor's priorities, McAuliffe wants to limit tax credits designed to bolster the coal industry and sell off $250 million worth of unclaimed property that's been turned over to the state.

The governor is renewing his push to expand Medicaid, a top legislative priority that's been blocked by Republican lawmakers who control the General Assembly.

Lawmakers will take up the governor's proposal in January when the 2015 legislative session begins.

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