An insidious form of deficit spending is deferred maintenance. Could that be a problem in Virginia? The Joint Legislative Audit and Review Commission took a look at state-owned buildings, valued at between $31 billion to $47 billion.

The M-R FIX [database] shows that about half of state-owned buildings are almost 50 years old or older, and about one-third of the systems (e.g., HVAC, roofing, plumbing, etc.) in state buildings are past their expected lifespans (i.e., expired), according to generic lifespan metrics. … M-R FIX does not include data on actual building condition. …

The state does not currently have an estimate for the total cost of addressing needed maintenance at state-owned buildings. However, data collected by JLARC staff from 12 agencies/HEIs with the majority of state-owned building square footage indicates that current maintenance reserve project needs exceed $1.1 billion.