Budget Cuts & No New Taxes: VA Slated to Post Surplus

Virginia Governor Bob McDonnell announced today that the commonwealth is on pace to post a surplus when the fiscal year ends on June 30. The news vindicates McDonnell’s decision earlier this year to slash spending – and not raise taxes – to deal with an unprecedented $4 billion deficit in Virginia’s biennial budget.
CLICK HERE to read more.

Posted on June 14, 2010, in Deficit and tagged , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: