December 19, 2011
Statement from Michael Cassidy, President, The Commonwealth Institute for Fiscal Analysis, on Governor McDonnell’s biennial budget
The Governor is trying to take the easy way out of a tough situation. Instead of making the investments to create jobs and help our economy grow over the long haul, he has chosen to punt.
- The Governor’s budget ignores the costs of education and passes them down to localities.
- The budget ignores known health care costs and passes down Medicaid cuts to doctors, nurses, and hospitals that will make it harder for Virginians to get medical care.
- The budget opens even more costly tax loopholes that take resources away from education, public safety and other building blocks of a strong economy.