VA BUDGET QUESTIONS by Tom Cranmer – Why is the budget not a “budget?” It is more of a forecast of revenues and expenditures. – Why are expenditures self-adjusting? By law they have to be balanced with revenues. In 2010 VA had a $400 million surplus. The Sunshine Review reported the “Revenue Stabilization Fund has [...]
Tag Archives | Budget
Virginia Tea Party Patriots Applauds Governor McDonnell’s Budget Decisions on Education
When the Governor took office he was faced with the challenge of balancing the budget while facing a 2.2 billion dollar shortfall, with a projected 4 billion dollar deficit over the next two years. To this end, the Governor recommended a decrease in funding to education, a recommendation that has drawn recent criticism. However, these [...]
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