So goes the headline in today's ongoing saga of Southeastern Public Service Authority, better known as SPSA. The Virginia Pilot reports that the troubled agency received a scathing letter from Sheryl Bailey, executive director of the Virginia Resources Authority, which loaned SPSA $129 million. SPSA "blatantly and recklessly misrepresented" its financial condition... [...] The VRA, … Continue reading SPSA “blatantly” hid financial straits →