VDOT Audit Uncovers Unspent Funds
An independent audit of the Virginia Department of Transportation has uncovered nearly 1.5 billion dollars in unspent revenue. Craig Carper reports.
The money comes primarily from roughly 400 million dollars in construction and maintenance accounts and 524 million dollars in federal funds that were never allocated to specific projects.
Governor Bob McDonnell.
McDonnell: The bottom line is that there's been money that's been sitting in accounts, that’s been appropriated, that’s been authorized and has not been properly deployed. I’d say there’s been money sitting in accounts while people have been sitting in traffic, and that’s unacceptable.
McDonnell placed much of the blame for the unspent dollars on policies of the Kaine administration. Former Governor Kaine responded in a written statement saying these accumulated surplus funds are good news and were made possible by spending reductions to the 3.3 billion dollar agency, under his leadership.
The results of the audit have led to the reassignment of several VDOT workers and the termination of one unnamed employee.
The Governor says 800 to 900 million dollars of the maintenance and construction contracts will be awarded by December 31st.
Craig Carper, WCVE News, Capitol Square