'Your papers, please' must never be heard in America
Though Virginia has finished two consecutive years in the black, the state faces a potential budget gap of $600 million to $1 billion over the next two years, the Senate Finance Committee learned Thursday.
"You've lost a lot of flexibility," committee staff Director Betsey Daley told senators and senators-elect gathered at the Mason Inn Conference Center and Hotel. "We've got a lot of uncertainty. ... The fundamental thing wrong with the economy is the fact that people can't find a job."
"The biggest unknown is the federal deficit reduction hanging out there and what it might mean," Ms. Daley said.
