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AUDIO: GOP Reaction To Budget Shortfall

Delgate Kirk Cox Calls Shortfall Discouraging

By 1140wrva.com

Tuesday, June 16, 2009

Richmond, Va. (1140wrva.com) Virginia Secretary of Finance Richard Brown told members of the House Appropriations Committee that the budget shortfall could grow to $300 million for fiscal 2009, which would be about $100 million more than the previous forecast earlier this year.

Republican Delegate Kirk Cox said the news about the budget is discouraging, and says the big concern is next year if the economy doesn’t turn around.

Republican Delegate Chris Jones wonders whether real estate sales will slide again with home loan rates spiking.  GOP Delegate Phillip Hamilton, along with Cox, wonder if rising gasoline prices won’t snuff out consumer confidence.  Listen to Audio