At session’s midpoint, balancing budget is top issue
February 13, 2008 | Virginia News
RICHMOND, Va. – Balancing a state budget thrown out of whack by a softening national economy and tepid revenue collections is the biggest challenge facing legislators at the procedural midpoint of the 2008 General Assembly.
Gov. Timothy M. Kaine delivered revised revenue projections and proposed budget cuts to legislators Tuesday, just five days before the Senate and House money committees must produce their respective versions of the state's two-year spending plan.
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