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Budget
Over the last decade or so, local governments entities in West Virginia have used a myriad of business property tax incentives to reward or induce local economic development projects. These can include tax increment financing or TIFs, lease agreements, tax credits (e.g. local B&O), issuing bonds to purchase property, and the use of Payment in…
A recent article in Vox by David Roberts highlights how a coal mining bust in Wyoming is resulting in "vulture capitalism" as investors buy up bankrupt coal mines while coal executives receive large bonuses and the communities in Wyoming struggle with thousands of laid off workers, lost pensions, environmental degradation, and an undiversified economy. This…
The 2019 Legislative Session ended last week, with the state budget passed a day early. While every year, the budget undergoes some changes from the governor’s proposal to the final product, this year saw relatively few changes. The FY 2020 budget proposed by Governor Justice includes new spending initiatives and pay raises while avoiding spending cuts…
On Tuesday, February 19, WVCBP Executive Director Ted Boettner presented this testimony to a subcommittee of the House Judiciary Committee urging members to reject calls for an Article V Convention of States to make amendments to the U.S. Constitution.
Governor Jim Justice’s FY 2020 budget includes new spending initiatives and pay raises while avoiding spending cuts as the state’s financial situation shows signs of stability. While the FY 2020 budget is an improvement after years of budget cuts, it represents a missed opportunity to reverse the damage of past mistakes and invest in a…
WVCBP Executive Director Ted Boettner presented his budget overview at the 6th annual Budget Breakfast. PDF of presentation.
Just in time for the legislative session! Download here or email info@wvpolicy.org to request a free copy.
Governor Justice will be making his State of the State address this week, followed by the release of his proposed FY 2020 budget. Here's some key areas of the budget to watch for: Pay Raise and PEIA The governor has previously promised an additional five-percent pay raise for public employees, as well as pledging $100…
Last Spring, Governor Justice formed the West Virginia PEIA Task Force which was set up to find a long-term solution to the issues facing the West Virginia Public Employees Insurance Agency, namely the growing cost of health care for teachers and other public employees. The deadline for the task force's recommendations was this week, and while…