Today is Sunday, 17th November 2024

VA: Governor Prepares For Budget Cuts

This is far from the first time we’ve seen a Democrat governor from the Commonwealth of Virginia grossly mis-estimating revenue projections for what would probably be either political reasons or incompetence. Who can can tell us which other former Democrat governor did this? Was it once or twice? From Danville News:

Gov. Timothy M. Kaine said yesterday that stark economic times across the nation and reduced tax revenue in Virginia will require the state to make difficult cuts to its $77 billion budget for 2008-10.

Unlike Kaine, legislators in both parties offered projections on the growing shortfall, saying it could balloon an additional $1 billion or $1.5 billion, beyond the $2 billion gap that forced cuts earlier this year.

Kaine drew the ire of some Republicans when he was unable to specify the severity of cuts during his compulsory end-of-summer address to the Senate Finance and House Finance and Appropriations committees.

Read the Rest…

Leave a Reply


You must be logged in to post a comment.

Share this Story on Facebook

Main Menu

Top