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The revised budget estimates are now in the process of being worked out, and on Dec. 17 they will be unveiled by the governor. The news is expected to be anything but good.
Some proposals have already been made concerning possible new revenue sources.
Writing in the University of Virginia Newsletter, economist John L Knapp raises the specter of higher taxes. He notes that Virginia’s state and local levys are 12 percent below the national average and could be increased.
89.6%