WCAV-WVAW-WAHU | Charlottesville, Virginia | News

Brown: Va. Can Make Its 2010 Revenue Goal

May 17, 2010

Virginia state government's top money officer says a troubled fiscal year of persistent shortfalls could end next month with a small surplus.

Finance Secretary Ric Brown said Monday that with a small monthly boost in tax collections in April, Virginia has posted consecutive monthly gains for the first time in two years.

He said if general fund collections for May and June keep pace with last year, Virginia will end fiscal 2010 with an unspent balance of about $140 million.

But lawmakers remain wary. Citing continued weakness in the mortgage lending industry and poor employment figures, Virginia Beach Republican Del. Robert Tata questioned so rosy a picture.

The comments sections of Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.

  • Comments cannot be profane or vulgar. We will not post comments that use profanity or cross the lines of good taste.
  • We will not post comments that use hate speech. Slurs, stereotypes and violent talk aren’t welcome on our website.
  • Comments should not attack other readers or people featured in our stories personally. Any accusations should be backed up with facts.
  • Any comment we post will be posted in its entirety. We do not edit any comment that we post.
  • Comments should contribute to the discussion. We will not post comments that don't advance the discussion. Flaming and/or trolling will not be tolerated.
  • Comments should not attack other posters. Let's keep the focus on the content of the story.

    As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.

    If you have any ideas to improve the conversation or this section let us know. Send an e-mail to webmaster@newsplex.com.


powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 93951914