McDonnell: State agencies should prepare for budget cuts - NBC12 - Richmond, VA News

McDonnell: State agencies should prepare for budget cuts

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RICHMOND, VA (WWBT) -

Governor McDonnell has ordered state agencies to immediately prepare plans to cut their budgets by four percent.

He cited a looming federal fiscal crisis and a lagging recovery.

The memo cites the "fiscal cliff," the prospect that congress won't agree on debt reductions in time to avert deep, across-the-board cuts starting Jan 1.

The announcement comes less than two days after President Obama defeated Republican challenger Mitt Romney.

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