Governor Kaine’s Recommended Budget Reductions to the General Assembly 2008-2010
http://www.governor.virginia.gov/Initiatives/Legislation2008/CombinedPlan02-12-08.pdf
Budget shortfall now estimated to be $1.4 billion for remainder of FY 2008 and FYs 2009-2010. Calls for further budget cuts to agencies but not universities for FY 2008 and deeper cuts for 2009-2010, trims budget initiatives for preK education and health insurance, and further reduces proposed pay raises for state employees to 2% from originally proposed 3% in FY 2010 unless revenues improve. From the Office of the Governor