By Michael Pope, includes interview, text intro includes “… Yes it’s true the Virginia General Assembly is required to pass a balanced budget. But that doesn’t mean that the state hasn’t taken on debt over the years. And Bill Bergman at Truth in Accounting says some of it is hidden debt. “Virginia is now including net pension liability on its balance sheet. But the retiree healthcare burden is also significant, and that’s still off the balance sheet. It will be coming on the balance sheet in the coming years.” …”
Read the full article on: WVTF Public Radio (Virginia)