Kaine to Cut Va. Revenue Projections by $1.3 Billion

Network News

X Profile
View More Activity
The Associated Press
Wednesday, August 19, 2009; 8:19 AM

Virginia legislators tell The Associated Press that Gov. Tim Kaine will reduce the state's official revenue projection by about $1.3 billion.

The news is due Wednesday morning in a speech Kaine is scheduled to deliver to General Assembly budget writing committees at 9:30 in Richmond.

Legislators who didn't want to be seen as upstaging the governor spoke on the condition of anonymity.

It's the fourth time since September that the worst economy since the 1930s has forced Kaine to reduce the estimate for tax and fee collections that support such core state functions as public safety and education.

With the revenue figure set, Kaine goes to work finalizing a list of cuts, savings and consolidations he's expected to announce by early September.


More in the Metro Section

Local Blog Directory

Find a Local Blog

Plug into the region's blogs, by location or area of interest.

Virginia Politics

Blog: Va. Politics

Here's a place to help you keep up with Virginia's overcaffeinated political culture.

D.C. Taxi Fares

D.C. Taxi Fares

Compare estimated zoned and metered D.C. taxi fares with this interactive calculator.

FOLLOW METRO ON:
Facebook Twitter RSS
|
GET LOCAL ALERTS:
© 2009 The Washington Post Company

Network News

X My Profile
View More Activity