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Virginia governor seeks agency cuts for fiscal 1995-1996 as state plans budget. (L. Douglas Wilder)
The Bond Buyer
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August 24, 1993|
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COPYRIGHT 1993 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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RICHMOND -- A budget-weary but confident Gov. L. Douglas Wilder yesterday told Virginia lawmakers that he has ordered his cabinet secretaries to find ways to cut agency budgets "significantly" for the 1995 and 1996 fiscal years.
In testimony before the General Assembly's money committees, Wilder said the budget cuts are necessary to avert a potential budget gap in excess of $500 million in the coming fiscal biennium.
Although the state tracks financial performance on a fiscal year basis, it budgets for two years at a time. Wilder's budget proposal for the ...
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