Virginia’s Rainy Day Fund Drops by 75% in 11 Years

Numbers And Finance

Credit: Ken Teegardin / Flickr

Virginia lawmakers and the Governor just wrapped up the state’s latest budget — and it was no easy task. Because Virginia had lower than expected tax revenues, they had to find ways to close a $1.5 billion gap. And while they managed to do it, some critics say they didn’t do enough to address the underlying issues.  Mallory Noe-Payne reports.

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