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VA Gov: More Budget Cuts May Come

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Virginia's governor says he's writing a budget for 2011 and 2012, and warns that despite several rounds of cuts already, everything remains on the table.

In the last round of budget cuts, Governor Tim Kaine eliminated nearly a thousand jobs and cut aid to colleges and universities by 15%. He said the main reason K-12 education wasn't cut was because of Stimulus money, "and at some point those stimulus dollars will go away, and we've gotta be prepared then to make the decisions then that we need to."

The governor said nothing in state government would be "immune" from cuts, and predicted local county budgets would be distressed well into the future because their revenue sources - real estate taxes for example - are slower to rebound.

Sabri Ben-Achour reports...

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