Virginia Senate Approves Compromise Plan on $72 Billion Biennial Budget

AcKerman, Andrew
May 2006
Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p6
Trade Publication
This article reports that the Virginia Senate has cleared the way for a potential compromise over the state's $72 billion biennial budget blueprint for fiscal years 2007 and 2008. The budget that excluded tax increases championed by Democrat Governor Tim Kaine to pay for a major $4 billion transportation overhaul was endorsed by the Republican Senate. Kaine and Senate Republicans had wanted to raise taxes to pay for transportation infrastructure but House Republicans would not vote for a tax increase. The House has already approved the budget and is expected to move it to a conference committee.


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