McDonnell Prepares For Budget Amendments
Yesterday Governor Bob McDonnell met with the Governor’s Advisory Council on Revenue Estimates in advance of the budget amendments he will propose in a few weeks. Craig Carper reports.
After meeting with his advisors for three hours behind closed doors, the Governor said while state revenues are slowly building, any new spending should be approached with caution.
McDonnell: The bottom line is this; we should err on the side of caution. We’re coming out of the worst economic downturn in modern Virginia history, what some are calling the great recession now and we’ve got to be very prudent and it’s still necessary to cut spending and reform government and do things smarter.
Last month the Governor asked state agencies to produce 2, 4 and 6 percent reduction plans for their respective budgets to free up general fund dollars for economic development, higher education and transportation without raising taxes, though McDonnell refused to say yesterday what cuts agencies could expect when he announces his budget amendments on December 17th.
Craig Carper, WCVE News, Capitol Square