$15 billion in unfunded county debts go dark in Virginia

Kenric Ward
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Aug 15, 2014 10:58 AM
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$15 billion in unfunded county debts go dark in Virginia

RICHMOND, Va. — Virginia has stopped reporting billions of dollars in unfunded county debts, leaving the public in the dark about the depth of the red ink.

The last online report by the state Auditor of Public Accounts showed that Virginia’s 95 counties had piled up $15.4 billion — $15,474,494,443 to be exact — in “unfunded debt” in 2012.

Every county listed some unfunded balance, ranging from Highland’s $934,771 to Fairfax’s whopping $3,907,246,725.