No way West Virginia’s Democrat A.G. Darrell McGraw made any political calculations on this one – no way, no sir, no chance that he wanted his name associated with this type of problem heading into an election – nope, not a chance.  He’s taking a stand on principle, and leadership – that’s what it is.  From Charleston Daily Mail:

Because the debate is over the meaning of an accounting term, Darrell McGraw’s office determined it would be “presumptuous and inappropriate” to rule on the matter, deputy attorney general Silas Taylor wrote in a recent letter to the state superintendent of schools, Steven Paine.

The legislature may decide what happens next. They might act to shift the debt to the state. The debt would still exist – and taxpayers might be asked to shoulder it – but it would not be on the books of local governments.

But as the situation stands now, all 55 county school systems will be in the red in three years. And every local government in the state will face “devastating” financial obligations, according to Joe Panetta, director of finance for the state department of education.

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