Virginia's cash picture continues to darken.
The latest snapshot of state revenue collections shows that general fund collections dropped 7.5 percent in September compared with the same month a year ago.
On a year-to-date basis, total revenues are off 7.4 percent.
According to the Kaine administration, that drop trails the annual forecast of a 1.6 percent decline.
The revenue report, prepared by Secretary of Finance Richard D. "Ric" Brown, was shared this morning with the House Appropriations Committee.
The report paints a grim picture of the economy, noting "All major sources are trailing their forecasts through the first quarter of fiscal year 2010" -- that's the period for July through September.
Continuing erosion in the economy is forcing the state to again prune spending. Gov. Timothy M. Kaine is cutting spending more than $1.2 billion. Those reductions come atop economies of nearly $6 billion since April 2007.
-- Jeff E. Schapiro
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