Kaine to Announce Budget Cuts Within Two Weeks
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Updated: 8:21 AM Aug 6, 2009
Kaine to Announce Budget Cuts Within Two Weeks
RICHMOND, Va. (AP)
Gov. Tim Kaine says the budget cuts he will announce in two weeks will range from at least $700 million to $1.5 billion.
Posted: 8:08 PM Aug 5, 2009
Reporter: BOB LEWIS - AP Political Writer
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Gov. Tim Kaine says the budget cuts he will announce in two weeks will range from at least $700 million to $1.5 billion.

Kaine made the announcement Wednesday afternoon after meeting with his advisory council on revenue estimates.

The cuts will mean some state employee layoffs, but he couldn't predict how many.

He has until August 19 to decide how large the cuts for the current state budget need to be. That's the day he addresses the General Assembly's budget-writing committees.

It's the fourth time since September that Kaine has lowered the forecast for revenue collections on which the state budget is based.
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