Gov. McDonnell wants agencies to find potential cuts (Richmond Times-Dispatch)

November 9, 2012 – Gov. Bob McDonnell’s chief of staff wants agency heads to identify potential cuts of 4 percent of their budget, pointing to the “unprecedented uncertainty in Washington” and the so-called fiscal cliff. The memo, sent Thursday, directs agency heads to prepare their savings strategy for the 2014 fiscal year equivalent to 4 percent of their general fund appropriation by Nov. 21. McDonnell’s chief of staff, Martin Kent, wrote that “several factors are placing immense pressure on the commonwealth’s finances and, therefore, will necessitate immediate action to plan prudently for the future. “Foremost among them is the unprecedented uncertainty in Washington and its detrimental effects on this state. The so-called fiscal cliff in the third quarter of FY2013, including the sequestration provision of the Budget Control Act of 2011, could touch off an economic retraction or even a second recession.”

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