Revenue Report

Virginia revenues declined for the month of September … resulting in tax collections for the first quarter of the fiscal year that are below the forecast used to craft the two-year state spending plan.  Finance Secretary Ric Brown told the House Appropriations Committee  that there’s no need to rush to lower the revenue forecast or cut the state budget just yet.  But as Virginia Public Radio’s Anne Marie Morgan reports, he also said the uncertainty of federal fiscal policies may be a drag on economic activity.

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