Virginia Governor Comes to New York To Reassure Raters Over Late Budget

Ackerman, Andrew
June 2006
Bond Buyer;6/8/2006, Vol. 356 Issue 32398, p6
Trade Publication
The article reports on the travel of Virginia Governor Timothy M. Kaine to New York to visit all three major rating agencies and assure them that the state' financial house is in order and its triple-A bond rating should be reaffirmed. There is however a looming government shutdown if the state General Assembly fails to produce a biennial budget.


Related Articles

  • Transportation, Budget Issues Lead to Virginia Special Session. Vadum, Matthew // Bond Buyer;3/14/2006, Vol. 355 Issue 32338, p33 

    The article reports that Virginia Governor Timothy M. Kaine has ordered the General Assembly back for a special session after it adjourned without passing a fiscal 2007-2008 biennial budget or a comprehensive transportation package. Lawmaker have approved a 722.8 million dollar in new municipal...

  • VIRGINIA: Kaine Seeks 5% Spending Cut. Schroeder, Peter // Bond Buyer;8/23/2007, Vol. 361 Issue 32698, p9 

    The article reports on the call of Governor Timothy M. Kaine for a 5 percent spending cut in Virginia's fiscal 2008, $36 billion budget. This is because the commonwealth has come up short in tax revenue due in part to the troubled housing market. Kaine said that state failed to meet tax revenue...

  • Virginia's Kaine to Outline Cuts as Collections Slow. Funk, Lynne // Bond Buyer;8/19/2008, Vol. 365 Issue 32943, p6 

    The article reports that Virginia Governor Timothy M. Kaine will outline budget cuts in fiscal 2009 and 2010 as tax revenue collections have slowed and are expected to continue to weaken. Kaine and newly appointed Secretary of Finance Ric Brown have begun the process of finding ways to address...

  • Virginia's Kaine Pushes Bonds, Taxes,Other Measures to Fix $ 3B gap. Funk, Lynne // Bond Buyer;12/18/2008, Vol. 366 Issue 33026, p6 

    The article reports on the proposal by Virginia Governor Timothy Kaine to the state House Appropriations, House Finance, and Senate Finance, to fix the $3 billion gap in Virginia. It includes issuing $350 million of tax-exempt bonds, taking $490 million from the state's rainy-day fund,...

  • N.J. and Va. Governors-Elect Turn to Preschool Promises. Samuels, Christina A. // Education Week;11/16/2005, Vol. 25 Issue 12, p21 

    The article reports on the plans of Timothy M. Kaine, the newly elected governor of Virginia, to carry out his campaign promise to start a universal prekindergarten program. Kaine only has a one four-year term to get the proposal through the state's Republican-controlled legislature. The...

  • VIRGINIA: Kaine Allocates Stimulus. Funk, Lynne // Bond Buyer;3/12/2009, Vol. 367 Issue 33079, p9 

    The article reports on the announcement of Virginia Governor Timothy Kaine that $1.6 billion from the more than $4 billion the state expects to receive from the federal stimulus package would be allocated to education, public safety, and transportation needs. K-12 education will receive $730.4...

  • Virginia Senate Approves Compromise Plan on $72 Billion Biennial Budget. AcKerman, Andrew // Bond Buyer;5/24/2006, Vol. 356 Issue 32389, p6 

    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...

  • Virginia's Gov. Kaine Announces Measures to Cover $2.5B Budget Gap. Funk, Lynne // Bond Buyer;10/10/2008, Vol. 366 Issue 32980, p5 

    The article reports on the announcement of Virginia Governor Timothy Kaine that officials will tap about $400 million from the state's fund and plan to issue $250 million of tax-exempt bonds to help plug a more than $2.5 billion revenue shortfall in the state's $77 billion biennial budget. Kaine...

  • Kaine: It's Scale-Back Time. Funk, Lynne // Bond Buyer;9/4/2008, Vol. 365 Issue 32954, p9 

    The article reports on request of Virginia Governor Timothy M. Kaine to let state agencies begin looking for cuts that could add up to 5%, 10% or 15% of their budgets. Kaine and state Secretary of Finance Ric Brown are preparing for a major downward revision in revenue estimates, which they will...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics