Va. may need to cut another $300 million from two-year budget

The state of Virginia, which already has had to cut $6 billion from the two-year budget ending June 30, 2010, may have to cut $250 million to $300 million, the House Appropriations Committee was told today.

Robert P. Vaughn, director of the committee, said revenue growth should resume in the 2010-2012 fiscal period.

Del. Lacey Putney, I-Bedford, said the committee would have to make significant tax reductions without a tax increase.

For more details about the cuts facing Virginia, see tomorrow’s Richmond Times-Dispatch.