Va. may need to cut another $300 million from two-year budget
The state of Virginia, which already has had to cut $6 billion from the two-year budget ending June 30, 2010, may have to cut $250 million to $300 million, the House Appropriations Committee was told today.
Robert P. Vaughn, director of the committee, said revenue growth should resume in the 2010-2012 fiscal period.
Del. Lacey Putney, I-Bedford, said the committee would have to make significant tax reductions without a tax increase.
For more details about the cuts facing Virginia, see tomorrow's Richmond Times-Dispatch.
-- Tyler Whitley
Reader Reactions
rukidding the housing collapse was started by Billy the philander Clinton and the gay ol senator from Mass. Barney Frank. That started the ball rolling. All Bush and Chenney had to do was stay out of the way. This they were glad to do because they both had interests in Iraq.
I’m not saying. . . I’m just saying!
Welcome to the club, Virginia.
Who hasn’t had to cut their budget over the last couple of years.
Why should the federal OR state government be any different?
I think EVERY politician, local,state, and federal should take a paycut IMMEDIATELY like so many private citizens have had to do.
Hare VA’s budget problems all on Bush??? Wasn’t it Timothy Kaine that was the state governor??? McConnell has a lot of crap to clean up.
You people that blame Bush for all of this are hilarious. Do you honestly think that it only takes 8 years to get to where we are? The conditions for this economic collapse were there long before Bush became president.
Thank you George W. Bush, Dick Cheney, Karl Rove, etal. for temporarily ruining America. Luckily, like all incompetents in American history, your efforts will be erased by those who know what they are doing.
Heckuva job, guys, heckuva job.
Virginia’s formerly ebullient Chamber of Commerce used to brag that the state was recession-proof because of its ‘diversified economy’. Actually that was just code for Tobacco. Those days are now over.
McDonnell has his work cut out for him. Virginia will have to compete with 49 other states to see who comes up with the next big idea.
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