Friday, January 6, 2012
Delegate Lynwood Lewis ~ Town Hall Meeting
Delegate Lewis began the town hall meeting by elaborating upon the proposed budget McDonnell has outlined for the next two years. The eighty-five billion dollar, two-year budget is rather large for Virginia, but includes various 'rainy-day funds' to deal with potential cuts in spending at a federal level. Lewis acknowledged that unlike the national government, Virginia is required by its state constitution to maintain a balanced budget. Although Virginia has fared the recession better than most states, the growth rate is currently at three percent, down significantly from the average of six to eight percent. Governor McDonnell has borrowed 3.5 billion dollars to jumpstart the transportation sector, which has previously been what Lewis referred to as a 'self-financing government enterprise.'