Gov. Timothy M. Kaine today is expected to give legislators a revised revenue forecast that will reflect the state's plunging tax proceeds.
That means the state's budget shortffall, now estimated at $3.2 billion, is likely to increase.
On Friday, officials released a report that said a 5.5 percent decline in revenue collections for the first seven months of the fiscal year is the largest drop on record.
Kaine is also expected to tell lawmakers more about the federal stimulus package and how it can benefit the state. Virginia is expected to get an estimated $4.6 billion, of which $1.2 billion would go toward the state's shortfall.
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