An editorial in The Virginian-Pilot quotes Sen. Walter Stosch, R-Henrico, raising a valid point about the way Virginia accounts for its budget surplus. “What [would] Virginia owe if all the outstanding bills were suddenly called due? Practically speaking, that would never happen in one fell swoop. But the items Stosch wanted to smoke out compete for revenue and will have to be dealt with sooner or later. “
Stosch specifically focuses on the following:
- $500 million to $800 million in deferred maintenance on state buildings
- $223 million in car-tax reimbursements to state localities delayed until July
- $128 in obligations to the Virginia Prepaid Tuition Program
- Income tax refunds, court orders to clean up the Chesapeake Bay, borrowing from the Literary Fund.
All valid issues. The state should know what all of its obligations are. And it’s a shame that Stosch’s bill calling for a study of these obligations wasn’t passed.
But… I’d feel a whole lot better if Stosch would use his accounting expertise to find ways of cutting state spending, not just to justify tax increases. About that $500 – $800 billion in deferred building maintenance…. How about a companion study examining what percentage of state office buildings are vacant at any given time and how many hundreds of millions of dollars annually could be saved by moving to a tele-working/hoteling arrangement?
Somehow, that kind of thinking never seems to occur to either Sen. Stosch or the Virginian-Pilot.


