Transportation, education and pension liabilities are identified as the commonwealth’s top challenges in a new report.
Virginia has a long tradition of sound financial management. State leaders are adept at assessing, monitoring and planning for future needs.
But when it comes time to solve the challenges facing the commonwealth that they have so carefully documented, they fall flat.
That’s the conclusion of a new report by the State Budget Crisis Task Force, a national organization created by former Federal Reserve Board Chairman Paul Volcker and New York businessman Richard Ravitch.
The document should be mandatory reading for anyone who plans to run for governor or the legislature this year.
View the Virginia report and studies of other states at statebudgetcrisis.org.