Remember SEQUESTRATION? Comm. Va has new $882M budget shortfall due to less DoD spending

[underpants]

There is a total of $2.4B short - the first part was due to bad capital gains expectations made by the Va Dept if Planning and Budget.

http://www.washingtonpost.com/local/virginia-politics/mcauliffe-announces-24-billion-projected-virginia-budget-shortfall/2014/08/15/acb5ea88-247f-11e4-958c-268a320a60ce_story.html

RICHMOND —Gov. Terry McAuliffe (D) on Friday announced a $2.4 billion projected budget shortfall that he largely blamed on cuts in defense spending mandated by sequestration — a situation, he said, that will force the state to rethink how it generates tax income.

[oldandhappy]

1. Consequences!