"This problem is so severe
I will not pass it on to another governor."
-Virginia Governor Bob McDonnell
On his proposed $2.2 billion infusion
into the Virginia Retirement System
December 15, 2011
- The Governor is right. Now consider the following:
- $20 billion - Virginia Retirement System's unfunded liabilities.
- $50 - $100 billion - Virginia's Transportation System's unfunded needs.
- 25 Years - Elapsed time since a Virginia Governor stepped up to provide serious, new, sustainable transportation funding.
It's Time to Stop Passing Along
Virginia's Need for
New, Sustainable Transportation Funding.