Virginia: Looks Like All Spending Cuts Here, Too


| | Bookmark and Share

Sales and income tax revenues have both slowed in Virginia, stirring Governor Kaine to push his financial advisors to prepare a revised estimate of the inevitable budget shortfall a bit sooner than first expected. The official estimate won't be available until early October, but legislators and analysts are predicting that the shortfall will exceed $1 billion. The Governor has flatly rejected the idea of increasing any general fund taxes. Pure spending cuts, unaccompanied by any tax increases, appear to be in Virginia's future as well.

Thank you for visiting Tax Justice Blog. CTJ and ITEP staff will soon retire this domain. But ITEP staff are still blogging! You can find the same level of insight and analysis and select Tax Justice Blog archives at our new blog, http://www.justtaxesblog.org/

Sign Up for Email Digest

CTJ Social Media


ITEP Social Media


Categories