From the Richmond Times-Dispatch: Kaine asks for 5% cuts [emphasis mine]:
Gov. Timothy M. Kaine is asking state agencies to cut their budgets by 5 percent to help deal with a tax income shortfall of $641 million for last year and this current fiscal year.
The Democratic governor told the assembly’s money committees today that a slowing economy has resulted in less cash than projected.
The fiscal year ending June 30 fell $234 million short of forecasts for tax income. This fiscal year, which runs from July 1 to June 30, 2008, is projected to have $407 million less than expected.
Kaine will also seek a 5 percent reduction in the governor’s office budget and will reduce grants to non-state agencies by the same amount this fiscal year.
He is also asking agencies to meet with their cabinet secretaries and the state Department of Planning and Budget to “explore ways” to cut their budgets by 5 percent.
A Democrat asking for budget cuts? If only the Republicans would do that…