From the Washington Post:
"RICHMOND, July 17 -- Gov. Timothy M. Kaine's administration ordered state agencies to stop hiring, traveling and buying equipment and prepare for even more severe cuts as the state's budget surplus is almost gone amid an economic slowdown.
. . .
'While the exact magnitude of the revenue gap for the next [two years] is uncertain at this time, it may be significant based on our preliminary analyses,' wrote Turnage [Kaine's chief of staff], who ordered agencies to stop all but essential hiring, review all contracts, cancel discretionary travel and halt purchases of new equipment and software.
. . .
[Secretary of Finance Jody W.] Wagner said the state's surplus has dwindled to $5.4 million, down from more than $1 billion in 2006. She also said it will be difficult to reach revenue projections for fiscal 2009 and 2010. As part of Kaine's two-year, $77 billion budget, revenue was projected to grow by 2.2 percent this year and 6.8 percent in fiscal 2010".