Editorials
Slow Growth Will Force Cuts in State Budget
The soaring cost of fuel and a slumping economy have caught up with the state budget. That’s no surprise, really, but unless economic projections improve quickly, the state could be in for some hard times in the months ahead.
It’s the same situation facing families all across Virginia whose budgets have been decimated by fuel costs that have gone through the roof and are pushing up other prices, including those at the grocery store, along the way.
In a memo to state agency heads last week, Wayne M. Turnage, Gov. Timothy M. Kaine’s chief of staff, said a “troubling trend” has developed because income and sales tax revenues are growing at a slower rate than projected.
“While the…
