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VIDEO: Virginia Has Two-Point-Four Billion Shortfall

VIDEO:  Virginia Has Two-Point-Four Billion Shortfall
Posted August 15th, 2014 @ 2:19pm by

Richmond, VA ( – Governor Terry McAuliffe (D), in his annual August speech to lawmakers, has revealed Virginia is facing a two-point-four billion shortfall.  Because the General Assembly has set money aside, the actual shortfall the Assembly will need to deal with is in the $880 million range.


Of the $880 million, approximately $350 million will need to be dealt with immeadiately.  McAuliffe says he will have a plan for cuts in the near future.  The Governor says he would like to protect education and workforce development.


House Republicans say the shortfall makes their argument not to expand Medicaid.  Part of the reason for the shortfall is Federal Government cutbacks, and House Majority Leader Kirk Cox (R-Colonial Heights) says it makes little sense to depend on them in greater fashion.








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