|
|
Article: GOVERNOR KAINE ANNOUNCES $300 MILLION IN SPENDING REDUCTIONS AND SAVINGS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 1, 2007
CopyrightCopyright © HT Media Ltd. All Rights Reserved. Provided by ProQuest LLC. (Hide copyright information)
|
Gov. Tim Kaine, D-Va., issued the following press release:
Governor Timothy M. Kaine today announced state agency savings and spending reductions of $300 million and additional steps he will take to address a $641 million revenue shortfall in the current budget period, which ends on June 30, 2008. The Governor's decisions, based on agency proposals to trim government spending from 5 to 7 percent, protect core services in public education, public safety and public health.
"Since last May, when we detected a significant slow down in revenues because of the weakening housing market, our administration has closely monitored and reduced discretionary spending across state government," Governor ...