RICHMOND, Va. — Happening today at the State Capitol, Virginia Governor Terry McAuliffe will be talking about your tax dollars. We have learned the state economy is not rebounding as quickly as other states, meaning cutbacks may be on the horizon. Some state workers may find themselves out of a job, while some state programs may be scaled back or eliminated all together.
Later this morning the Governor is set to talk with both the state and house finance committees. The discussion is centered around the Commonwealth potentially being forced to make deeper revenue cuts to the $1.5 billion already allocated in the state’s current two year budget.
But a looming concern is whether there are some jobs or other programs already on the chopping block?
CBS 6 Political Analyst Dr. Bob Holsworth said the Governor may have a difficult time tackling the budget gap.
“I think what we are going to have to see is whether or not the Governor essentially suggests that the cuts are going to be a little bit across the board–with every agency and every function of state government is going to cut back,” Holsworth said. “Or is the Governor basically going to say he is going to keep some areas intact and others are going to take a little bigger hit.”
Because the state government is a major employer in Central Virginia, this could have a huge impact on those in Richmond. The meeting is set to begin at 9:30 Friday morning.
Stay with CBS 6 News for new details as they become available.