Tag: VBSA
Virginia School Board Members Weigh Tax Authority

In a number of conversations that began during the McDonnell administration's efforts to strangle the budget in order to boast fiscal austerity and have intensified as the effects have manifest, school board members across the Virginia have floated concepts of revenue generation to meet shortfalls that are starving maintenance and operational funding. Because there is no standard for engineering studies and no requirement to maintain a maintenance reserve, there is no practical measure of unfunded liabilities. In the short run, that masks the accumulating real deficit.