Economy

March 22, 2021 by WVCBP
Report: Addiction Cost West Virginia Estimated $11B in 2019

WV News, Martinsburg Journal-News, Keyser Mineral Daily News Tribune - Treating and addressing drug addiction cost West Virginia an estimated $11.3 billion in one year, according to a new report from the Center on Budget and Policy. Read the full article. The report, written by economist Jill Kriesky, says the state spent that much in…

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March 22, 2021 by WVCBP
Report: Addiction Epidemic Cost WV $11.3 Billion in 2019

Huntington Herald-Dispatch, Charleston-Gazette - A new report from the West Virginia Center on Budget and Policy has estimated the addiction epidemic cost the state $11.3 billion in 2019 alone. Read the full article. The report, written by economist Jill Kriesky, examines the dollars spent on treating and addressing the diverse array of harms that stem…

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March 18, 2021 by WVCBP
New Report Reveals Enormous Costs of Addiction Crisis in WV and Kanawha County, Explores Harm Reduction as Mitigation Tool

For Immediate Release: March 18, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV – For at least the last decade, West Virginia has been at the forefront of the overdose epidemic in the United States. Since 2010, its death rate per 100,000 by overdose of any type of drug has led the nation. Our new report released today both shows…

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March 18, 2021 by WVCBP
Saving Lives and Saving Money: The Case for Harm Reduction in Kanawha County, WV

Read the full report here. Executive Summary There is no doubt to residents and policymakers in West Virginia that the state has a drug epidemic problem that is costly in terms of lives lost annually, as well as expenses incurred for medical and mental health treatment, for law enforcement, and for social services provision. In…

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March 17, 2021 by Kelly Allen, Sean O'Leary
Phase-ins and “Triggers” for Tax Cuts Only Extend Pain, Provide False Illusion of Fiscal Responsibility

Ten states, including West Virginia, have enacted proposals that cut personal or corporate income taxes at various points in the future, contingent on revenues reaching a certain level or growth rate. While using triggers is often portrayed as fiscally responsible, it is far from it. Lawmakers enacting these drawn out tax cuts typically do not…

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March 17, 2021 by Kelly Allen
Senate Passes ESAs Bill, Governor Lets Teacher Strike Bill Be Law Without Signature

West Virginia MetroNews - Both houses of the Legislature have passed a bill that would divert dollars for students leaving public schools for private school or homeschooling. Read the full article. And the governor let go into law without his signature a bill clarifying that strikes against the state by public employees including educators are unlawful. The…

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March 15, 2021 by Sean O'Leary
Pay More, Get Less: The West Virginia FY 2022 Budget Proposal

Overview Governor Jim Justice has proposed what he describes as a “flat” budget for FY 2022, with only minor changes from the FY 2021 budget. While the state budget remained stable during the COVID-19 pandemic, that stability relied on tapping reserves, federal stimulus funding, and other temporary measures. The future budget picture remains troubling, with…

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March 15, 2021 by Sean O'Leary
Legislative Oversight and Revenue Shortfalls: Controversy Continues to Surround Justice’s CARES Act Plans

Mountain State Spotlight, West Virginia Public Broadcasting - So far, Gov. Jim Justice has been the sole authority spending the $1.25 billion West Virginia received in federal coronavirus relief. Read the full article. Advocates have argued that he hasn’t spent enough of it to address the immediate needs of West Virginians facing the COVID-19 pandemic’s economic…

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March 15, 2021 by WVCBP
WV’s Future Budget Picture Troubling, Justice’s Tax Plan Further Threatens State’s Financial Stability

For Immediate Release: March 15, 2021Contact: Renee Alves, 559-916-5939 Charleston, WV - Last month, Governor Jim Justice proposed what he described as a “flat” budget for FY 2022, with only minor changes from the FY 2021 budget. While the state budget remained stable during the COVID-19 pandemic, that stability relied on tapping reserves, federal stimulus funding, and other temporary…

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