Looking Good: A $2B Surplus And OPEB Fixes in the Works

Vadum, Matthew
March 2006
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p68
Trade Publication
The article provides an overview of the fiscal condition of Virginia. Analysts and state officials agree over the state's positive financial outlook due to strong tax revenues and a $2 billion biennial surplus. Steps have been taken by Virginia officials to address the expected changes brought by the Government Accounting Standards Board reporting rules governing other post-employment benefits. The state's five main categories of unfunded liabilities are long-term disability for state workers, group life insurance, health insurance credits, health and death coverage for public safety workers and pre-Medicare retiree health care.


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