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Virginia Governor Offers Modest Spending Increase In Budget Gov. Bob McDonnell's cautious revisions to Virginia's two-year budget target modest spending increases for indigent health care, conditional raises for teachers and a $128 million deposit into the state's rainy day reserves.
(wric.com) McDonnell tempers forecast revenue over the next year. He's wary of an economic shock that would slam Virginia if Congress doesn't agree on deficit reductions and avoid a year-end "fiscal cliff."† Read more.