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| Va. to Cut 929 Jobs To Ease Shortfall |
| By washingtonpost.com/ |
| Published: 09/09/2009 |
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RICHMOND, Sept. 8 -- Virginia Gov. Timothy M. Kaine announced Tuesday that he will eliminate 929 jobs, including 593 through layoffs, close three correctional facilities and cut as much as 15 percent in aid to colleges and universities to make up for a $1.5 billion budget shortfall. Kaine (D) did not propose raising taxes, and limited cuts to K-12 education and local government, but he did trim aid to police and sheriff's departments by 5 to 7 percent. Most of the state's 102,000 employees will be required to take a one-day furlough in May, and its contribution to their retirement plans will be reduced in the final quarter of the year to save more than $104 million. The announcement marks the fourth time since the two-year budget began in July 2008 that Kaine has scaled back the state's forecast for tax and fee revenue as Virginia suffers from the worst economic downtown since the 1930s. Read More. |
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