Legislative Blog

Income and Sales Tax revenue continues to slide and lawmakers suggest even further cuts. See more here and here.

During the House Appropriations Committee Retreat on November 18, 2008, legislative staffers presented an overview of a  rather bleak economic picture, a revised revenue forecast, and some budget reduction strategies. To see the presentation, click here.

For commentary on the hearings, click here and here.

Governor Kaine announces layoffs, withdrawal from Rainy Day Fund to shore up budget deficit. See more here.

A $2 billion shortfall is now predicted. How will this revenue gap be closed? Plans will likely be announced in October. See more here and here.

Likely taking job as a lobbyist. See more here.

For the text and audio of Kaine’s speech, click here.

Reaction to the speech generally follows partisan lines. See more here and here and here.

The shortfall on the current two-year budget could reach $1 Billion. See more here.

Weaker revevnue forecast could lead to more cuts. See more here. Virginia is not alone as many states have budgetary gaps to reconcile. See more here.

A “troubling trend.” See more here.

Mary E. Peters, U.S. Secretary for Transportation, lays out her argument in favor of direct pricing of roads. See more here.