The Kaine administration’s report of September revenue collections is in, and revenues are once again running way ahead of forecasts. The July-August numbers showed the same thing, as reported on this blog, but they weren’t deemed as as significant as September, a major revenue month.
According to Secretary of Finance Jody Wagner, General Fund revenues for the first quarter of fiscal 2007 ran 7.6 percent ahead of the same quarter last year — and nearly double the 4.2 percent forecast for purposes of compiling the budget.
And Gov. Kaine still insists there’s not enough General Fund money to pay for Virginia’s schools, Medicaid program, mental health restructuring and environmental clean-up? With all that money sloshing around, he thinks the public will vent its wrath on House Republicans in 2007 for refusing to raise transportation taxes?
That argument is collapsing like trailer in a Katrina-force hurricane.
