Letter to the editor | No shortfall on Gilmore's watch

IN THE ONLINE ARTICLE "Warner: Nation at
'critical tipping point' " [Jan. 9], your publication
took former Virginia
Gov. Mark Warner at his
word and printed that
"when he took office in
2001, he inherited a
$6 billion budget shortfall."

Let's set the facts
straight. When Warner
took office as governor, he not only inherited
a balanced budget ? the Virginia
Constitution by definition prohibits budget
deficits ? but he inherited a fully funded
$1 billion Rainy Day Fund, the largest cash
reserve in Virginia's history. Under former
Gov. Jim Gilmore, the state preserved its
pristine credit rating (AAA) during tough
economic times after the
2001 terrorist attacks.

Gilmore not only cut
spending and balanced
the budget, he deposited
more money into the
Rainy Day Fund than any
other governor in Virginia
history. Gilmore's final budget was balanced,
and he gave Virginians substantial tax relief.

Ana Gamonal

Communications Director
Jim Gilmore for Senate Campaign

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!