- Associated Press - Friday, May 27, 2016

RICHMOND, Va. (AP) - Virginia Gov. Terry McAuliffe is asking state agencies to trim their spending because of lower-than-expected tax collections.

The Richmond Times-Dispatch reports (https://goo.gl/Bq8Pta ) McAuliffe’s chief of staff Paul Reagan sent a letter Monday to agency heads saying the state is likely to have a smaller surplus going into the new fiscal year that starts July 1.

The letter asks agencies to make a voluntary pledge to put their unspent funds from the current fiscal year “toward any potential general fund budget reductions” in the upcoming fiscal year.

If revenue collections do not speed up in the next month, it could delay a pay raise for state employees.


Information from: Richmond Times-Dispatch, https://www.timesdispatch.com

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide