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Va. gov to release details on budget cut agreement

By WTOP Staff

RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe is set to release details on budget cuts for the next two years.

McAuliffe and leaders of the General Assembly are scheduled to attend a news conference on the agreement Monday.

McAuliffe announced the agreement Saturday after appearing at the annual meeting of the Virginia Governmental Employees Association.

McAuliffe has said officials are projecting a revenue shortfall of nearly $2.4 billion over a three-year period.

State agencies have until Friday to submit plans to cut spending by 5 percent in the first year and 7 percent in the second year.

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