Va. revenues continue plunge in August RICHMOND, VA (wesm) - (AP) Virginia's revenues continued falling in August as year-to-date collections dipped below the previous year's comparable total for the first time in nearly six years.

Two months into the current budget, total general fund receipts excluding lottery profits totaled almost $2.19 billion. That's a loss of 1.9 percent from $2.23 billion at the same point in 2007.

The current budget is based on forecasts that collections for the year will grow at least 2 percent.

The last time year-to-date collections fell was November 2002, when general fund receipts were 0.6 percent below their levels five months into the previous fiscal year.

The gloomy news comes as Governor Tim Kaine huddles with economic advisers to determine how deeply to cut the budget.
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