Updated: Kaine, McDonnell meet with economic advisers
Gov. Tim Kaine (D) is meeting with his economic advisers behind closed doors this morning to review the state's revenue estimates as he continues to write the state's next budget.
Gov.-elect Bob McDonnell (R) and Lt. Gov. Bill Bolling (R) are also attending the packed meeting on Capitol Square.
This afternoon, Kaine and McDonnell will meet privately -- their first in-person meeting since McDonnell defeated Democrat Creigh Deeds on Nov. 3.
State officials learned last week that they may need to cut up to $2.9 billion more from core services, such as education, law enforcement and health care, by mid-2012 in response to Virginia's financial crisis.
Kaine will introduce his proposed two-year budget in December, a month before he leaves office. The General Assembly and McDonnell will use that as a blueprint, but will make changes based on their priorities and the economic forecast.
(And, yes, in case you were wondering, this is the first time Bolling is attending the Governor's Advisory Council on Revenue Estimates. Remember how his Democratic opponent Jody Wagner chided him for never attending? This time, McDonnell asked him to come along.)
Updated: Kaine told reporters after the meeting that everything, including a variety of cuts and tax increases, are being considered to address the budget shortfall. "I think people are going to see an awful lot in this budget that they don't like,'' he said. "But people are doing it in their families and their businesses. They're having to make tough decisions."
November 23, 2009; 11:32 AM ET
Categories: Anita Kumar , Bill Bolling , Robert F. McDonnell , Timothy M. Kaine
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Posted by: OldVirginian | November 23, 2009 3:03 PM | Report abuse
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