RICHMOND, Va. (AP) - Virginia's lagging revenues could delay a 3 percent pay raise scheduled for state employees and college faculty.
The Richmond Times-Dispatch reports that the pay raises could be affected if the state's revenues don't catch up to projections by the end of June.
Secretary of Finance Richard D. "Ric" Brown said Monday that revenue collections through April were trailing projections by 1.9 percent. The collections had also declined by 6.7 percent from the previous April.
Brown said during a House Appropriations Committee that the pay raises could be put on hold if the state has to do a reforecast of revenues. The state would have to reforecast revenues for the two-year budget that takes effect July 1 if collections finish the fiscal year behind $169 million.
