Virginia: Warner, legislative leaders agree on spending cuts. Facing a $2.4 billion budget deficit, the Old Dominion’s Democratic governor and Republican leaders from the state House and Senate agreed on decreasing spending by 3% across the board. State and local agencies will determine how to make the cuts. Only K-12 education will be spared the decreases, reports the Washington Post. The plan raises no taxes, but Gov. Mark Warner (D) said he will consider a new tax policy next year.
North Carolina: State revenue down. Personal income tax receipts were down $226 million, or 13.5%, in July and August, compared to the same months last year, according to the Office of he Sate Controller, reports the News & Observer. The decrease appears to be the result of tax cuts made by the legislature last year. The receipts are also about $50 million less than projections for July and August of this year.
Georgia: Bush backs Perdue. Although Michelle Nunn (D) was the CEO OF former President George H. W. Bush’s Points of Light Foundation, the elder Bush has announced his support for David Perdue, the Republican nominee in the Peach State’s US Senate race. “I have lost any confidence in the current Senate leadership,” Bush said in a statement, “and believe David Perdue will be an independent voice for Georgia while working for positive solutions to our toughest challenges,” reports The Hill.