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Old 12-20-2010, 07:54 AM
 
Location: Virginia
18,717 posts, read 30,935,485 times
Reputation: 42988

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Looks like revenue will outpace projections this fiscal year. Since March, sales tax and income taxes receipts have come in above estimates.

I believe that means lawmakers will not have to make major budget cuts when they convene in mid-January, unlike the past two years. At least, I hope that's what it means. What's your take on this?

Senator Mark Herring (D-Loudoun) said: "Having to trim $200 to $300 million compared to $4 billion last year seems manageable." Which makes me think some major programs could still face challenges. But, hopefully, there will be more funds for transportation needs next year.



Improved state economy relieves budget pressure for Legislature | LoudounTimes.com
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Old 12-20-2010, 02:22 PM
 
Location: Fairfax, VA
1,449 posts, read 3,158,121 times
Reputation: 471
Let's hope this is true. Can I just hibernate until this national crisis is over?
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Old 12-20-2010, 02:27 PM
 
Location: Tower of Heaven
4,023 posts, read 7,335,077 times
Reputation: 1450
Virginia's economy is one of the best, it's normal
Great for this wonderful state.
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Old 12-20-2010, 03:31 PM
 
Location: among the clustered spires
2,380 posts, read 4,492,968 times
Reputation: 891
Does this mean we can go back to rolling around in $100 bills instead of $50 bills?
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Old 12-20-2010, 03:37 PM
 
Location: Suburbia
8,786 posts, read 15,220,439 times
Reputation: 4476
Dare I hope for at least a little raise next year? Even 1, perhaps 2%? If not a COLA of some sort, I'll take step!
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Old 12-20-2010, 05:11 PM
 
Location: Brambleton, VA
2,136 posts, read 5,284,727 times
Reputation: 1303
Quote:
Originally Posted by stpickrell View Post
Does this mean we can go back to rolling around in $100 bills instead of $50 bills?
I just threw a stack of hundreds on the fire. Because that's how we kick it in Loudoun.
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Old 12-20-2010, 05:19 PM
 
Location: Cheektowaga, NY
2,008 posts, read 1,235,477 times
Reputation: 1794
Quote:
Originally Posted by cdmurphy View Post
I just threw a stack of hundreds on the fire. Because that's how we kick it in Loudoun.
I just used rare gold $20 coins from the 1910's in my oven to give my hazelnut tillapia a little extra flavor!
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Old 12-20-2010, 05:33 PM
 
4,709 posts, read 12,613,131 times
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Quote:
Originally Posted by tgbwc View Post
Dare I hope for at least a little raise next year? Even 1, perhaps 2%? If not a COLA of some sort, I'll take step!

I think you'd be better to hope that Gov. Bobby pays back the $621 million that he looted from the Virginia Retirement System to "balance" last year's budget.

(I'm assuming that most teachers would prefer a check rather than an IOU from VRS when they retire.)
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Old 12-20-2010, 06:05 PM
 
Location: Suburbia
8,786 posts, read 15,220,439 times
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Quote:
Originally Posted by car54 View Post
I think you'd be better to hope that Gov. Bobby pays back the $621 million that he looted from the Virginia Retirement System to "balance" last year's budget.

(I'm assuming that most teachers would prefer a check rather than an IOU from VRS when they retire.)
Can I ask for both?
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Old 12-20-2010, 07:16 PM
 
4,709 posts, read 12,613,131 times
Reputation: 3813
Quote:
Originally Posted by tgbwc View Post
Can I ask for both?

Uh yeah, I suppose that'd be alright...LOL
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