Economy

March 15, 2022 by Kelly Allen
Billion Dollars in Anticipated Surplus is a Windfall, and a Big Target of Questions

West Virginia MetroNews - West Virginia lawmakers passed a $4.65 billion general revenue budget at the end of their regular session. Tacked onto that was another billion dollars in possible spending, an unprecedented amount on the strength of federal relief dollars. Read the full article. There are always additional funding items as a sort of…

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March 10, 2022 by Sean O'Leary
Tweaked Unemployment Bill Up for Passage in House Friday

Charleston Gazette-Mail - A West Virginia House of Delegates bill making slight tweaks to the Senate’s signature unemployment bills will be up for passage Friday morning. Read the full article. If adopted, Senate Bill 2 would return to its original body for senators to either accept or reject the amendments adopted by House Finance Committee…

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March 4, 2022 by Sean O'Leary
February Revenue Surplus Supported by Low Estimate, High Severance Revenue

Charleston Gazette-Mail, Williamson Daily News - The State of West Virginia exceeded its monthly revenue estimate for February by more than $59 million, according to a report from the Senate Finance Committee. Read the full article. The excess in revenue continues to be built on a foundation of historically lowered revenue expectations, as has become…

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February 24, 2022 by Sean O'Leary
‘It’s scary’: While Hundreds of Workers Face Layoff in Brooke County, WV Lawmakers Move to Slash the Benefits They’ll Rely On

Mountain State Spotlight - Just south of Weirton, Shannon Baldauf spends her work days suited up in layers of fire-retardant clothing, climbing atop massive, blazing furnaces that purify tons of coal. Read the full article. “It’s a heat like you’ve never experienced,” she said. But come this summer, Baldauf and nearly 300 others who work…

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February 23, 2022 by WVCBP
New Brief Examines WV’s Temporary Budget Surplus, FY 2023 Proposed Budget Allocations and Implications

For Immediate Release: February 23, 2022Contact: Renee Alves, 559-916-5939 Charleston, WV – For the second year in a row, Governor Jim Justice has proposed a “flat” budget for Fiscal Year (FY) 2023, with only minor changes from the FY 2022 budget. While the state is currently enjoying large budget surpluses, those surpluses are the result of billions in federal…

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February 23, 2022 by Sean O'Leary
Flat Budgets, Flat Expectations: The West Virginia Fiscal Year 2023 Budget Proposal

Overview Read the full brief. For the second year in a row, Governor Jim Justice has proposed a “flat” budget for Fiscal Year (FY) 2023, with only minor changes from the FY 2022 budget. While the state is currently enjoying large budget surpluses, those surpluses are the result of billions in federal aid, artificially low…

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February 21, 2022 by Sean O'Leary
John David: A Need For a Reality Check in West Virginia (Opinion)

Charleston Gazette-Mail, Beckley Register-Herald - Legislators have been told that West Virginia’s economic recovery has been strong. The inference is that normality is around the corner and almost back. The serious question is whether “back to normal” is adequate. Read the full op-ed. There are several matters of concern. First, there is the workforce participation…

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February 18, 2022 by Sean O'Leary
Lack of Support for Colleges Cements Decline

Beckley Register-Herald - State legislators, past and present, who have voted to undercut support of public education should be embarrassed. Public funding for our colleges and universities in West Virginia has been trimmed consistently over the past decade just as both the state’s students and its economy have needed a hand up. Read the full…

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February 10, 2022 by WVCBP
EDITORIAL: The Good, the Bad and the Stupid 4

The Dominion Post, Yahoo News - Feb. 10—We're running our weekly roundup a little early this week, and we'll mostly be focusing on the "good " and the "stupid " today. The "bad " will come tomorrow. Without further ado, let's take a look at what the Legislature has been up to. Read the full…

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