McDonnell: ‘Slight increase in incoming revenue for the year ahead’
Story by Chris Graham
freepress2@ntelos.net
The bad news: The state is facing down another massive budget shortfall.
The good news: According to Gov. Bob McDonnell, the state can expect to see more revenues in the coming year with the improving economy.
“I am pleased to report that the updated revenue numbers from the Department of Taxation project a slight increase in incoming revenue for the year ahead. I have made a conservative estimate of increased revenue based on the new information,” McDonnell said on Wednesday at a press conference detailing the latest revenue projections.
McDonnell said he will recommend to the General Assembly that the projected new reveunes be put toward K-12 public education, employee compensation and other core government services. He also called for a restoration of some of the proposed cuts to public safety and no further cuts to higher education. “Tough times call for setting priorities. Public safety and higher education have been cut significantly in recent years and cannot sustain further reductions,” the governor said. Continue reading “McDonnell: ‘Slight increase in incoming revenue for the year ahead’” »
Ken Plum: A Gordian knot
Posted by afp on April 21, 2010 · Leave a Comment
www.kenplum.com
According to an ancient Greek legend, oracles told the people of Phrygia that the next person who came into town riding in an ox cart would be their king. When a poor peasant named Gordius arrived with his wife in an ox cart, the lucky man was named king. Continue reading “Ken Plum: A Gordian knot” »
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