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Virginia Governor Asks Agencies to Trim Budgets

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    WASHINGTON, DC - FEBRUARY 23: Virginia Gov. Terry McAuliffe (D-VA) waits for U.S. President Barack Obama to address members of the National Governors Association at the White House February 23, 2015 in Washington, DC. Obama's meeting with the nation's governors comes just days before the Department of Homeland Security's $40 billion budget is set to expire. (Photo by Win McNamee/Getty Images)

    Virginia Gov. Terry McAuliffe is asking state agencies to trim their spending because of lower-than-expected tax collections.

    McAuliffe's chief of staff Paul Reagan sent a letter Monday to agency heads saying the state is likely to have a smaller surplus going into the new fiscal year that starts July 1, The Richmond Times-Dispatch reports.

    The letter asks agencies to make a voluntary pledge to put their unspent funds from the current fiscal year "toward any potential general fund budget reductions'' in the upcoming fiscal year.

    If revenue collections do not speed up in the next month, it could delay a pay raise for state employees.