Gov. Tim Kaine announces $1.3 billion budget cuts

Gov. Tim Kaine announced yesterday that he will cut the state budget by about $1.3 billion and he has not ruled out layoffs.

According to the Associated Press, Kaine decided to go with a substantial cut in order to be ready if a recovery is not immediately imminent.

Earlier this month Kaine said that the cuts would be at least $700 million and $1.5 billion at the most.

UVA and PVCC both have submitted plans for 5, 10 and 15 percent cuts from their budgets.
 

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