Gov. L. Douglas Wilder last week told the General Assembly he will not seek a general tax increase for the 1992-94 budget period, but said he would be "willing to participate" in discussions if lawmakers decide additional revenues are needed--and Republican legislators are willing to get involved.

The governor made his remarks as he revealed that general fund revenues for the 1992 fiscal year will increase by only 1.9%. That means the state will collect $62.5 million less than the Wilder administration expected when it issued an interim estimate in August

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.