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

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