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McDonnell meets with economic advisers

Anita Kumar

Gov. Bob McDonnell (R) kicked off the budget season by convening the first meeting of the Joint Advisory Board of Economists since his inauguration.

The group will examine the state of the national economy and its impact on Virginia. The information from Wednesday's meeting will be used next month at the meeting of the Governor's Advisory Council on Revenue Estimates, which will help McDonnell devise the revenue estimates for the state.

"Most years we're pretty close -- even with wild economic fluctuations," McDonnell told the group before the meeting was closed to the public.

The governor told members -- state legislators and economists from around the nation -- that Virginia was gradually coming out of the global recession, which officially ended in June 2009.

(For those of you who follow Virginia's budget process closely, you'll notice that the group's name has changed since its last meeting under former governor Tim Kaine (D) to reflect its inclusion of the staff directors of the legislative money committees and legislators.)

By Anita Kumar  | October 20, 2010; 11:06 AM ET
Categories:  Anita Kumar, House of Delegates, Robert F. McDonnell, State Senate  
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