Governor Terry McAuliffe announced today that reductions of 7% for fiscal year 2016 to balance the budget will be necessary to close an $882 million deficit.
“Making these budget reductions has been the most difficult experience of my term so far. Toward the end of the fiscal year, we started to see revenues not meet the forecast set out in 2013, before I took office. This would create a shortfall for fiscal year 2014,” said Governor McAuliffe.
“While I know we all hope that the budget news from here forward will be more positive.”
The General Assembly created budgetary reserves totaling $846 million in the current Appropriations Act. In a
FLASH BACK March 7, 2011 – McAuliffe talks about Greentech and Virginia not bidding on it – new plant will have 5000 jobs – love to bring it to Roanoke.
Former Democratic National Committee chair and candidate Terry McAuliffe dropped in on Roanoke City council Monday morning interrupting their budget briefing. In typical showman style McAuliffe hastened to say if he had been elected governor “you wouldn’t be worrying about revenue.”
McAuliffe still has “big ideas” saying, “when I ran for governor I said I was going to run on big ideas and if you don’t like them then don’t vote for me – and you didn’t, but I had a great time doing it.” McAuliffe lost the Democratic primary to Senator Creigh Deeds.
He’s been traveling the state. He was in Radford Sunday night and arrived in Roanoke Monday morning. He was then heading to Danville, Lynchburg and Charlottesville Tuesday before heading back to Northern Virginia. McAuliffe was touting his electric cars the first of which will come off the assembly line July 4.
McAuliffe is looking for incentives to bring in his new plant that he says will employ 5000 people, “I’m hoping to bring it to Virginia – love to bring it to Roanoke.”
Mayor David Bowers who had a private meeting with McAuliffe for about 20 minutes said, “when you get to that bid process please contact us and see what our best offer is – we want to put it on the table.”
In the video he asks for incentives and said he had a responsibility to his investors. He says he would have loved to bring the Greentech factory to Virginia but they didn’t bid on it.
“If you have a good workforce and good education that will bring jobs,” said McAuliffe.
Catching up to him later he said, “We are losing business to our neighbors. We have got to start aggressively courting green technology here.” He still plans to offer the first 100,000 electric cars for $10,000. “It’s not green unless it is affordably green,” said McAuliffe.
McAuliffe did not commit support for uranium mining in Virginia saying, “we ought to wait until the study gets done … make sure there are no issues that effects air or water – let the scientists do their work. Safety is the number one issue.” CLICK TO ENLARGE PHOTOS.