Post by Logan on Feb 17, 2016 0:56:11 GMT -6
Gov. Terry McAuliffe said today he will not change his estimate of revenues available for the two-year, state budget he proposed in December.
McAuliffe ruled against revising revenues either up or down, as the governor often does in the middle of the General Assembly session to allow legislators to adjust their proposed budgets, which the money committees will release on Sunday.
“While we believe lowering the estimate is an unnecessary step that will impair investments in core programs, we also recommend against spending more than the current budget and raising the possibility of a revenue shortfall down the road,” the governor said in a statement.
Secretary of Finance Richard D. “Ric” Brown told the House Appropriations and Senate Finance committees Tuesday that the governor would not change the total amount of revenues available for the state’s general fund budget, which accounts for more than $40 billion of the $109 billion budget.
Read more: www.richmond.com/news/virginia/article_9fad74d0-35d8-5f29-8c0c-7732ce6d7c44.html
McAuliffe ruled against revising revenues either up or down, as the governor often does in the middle of the General Assembly session to allow legislators to adjust their proposed budgets, which the money committees will release on Sunday.
“While we believe lowering the estimate is an unnecessary step that will impair investments in core programs, we also recommend against spending more than the current budget and raising the possibility of a revenue shortfall down the road,” the governor said in a statement.
Secretary of Finance Richard D. “Ric” Brown told the House Appropriations and Senate Finance committees Tuesday that the governor would not change the total amount of revenues available for the state’s general fund budget, which accounts for more than $40 billion of the $109 billion budget.
Read more: www.richmond.com/news/virginia/article_9fad74d0-35d8-5f29-8c0c-7732ce6d7c44.html