Energy & Economic Development

January 30th, 2012 by
Creating an Economic Diversification Trust Fund

As one of the least economically diverse states in the nation, West Virginia relies heavily on its natural resources for revenue. Funds from these resources fluctuate and, one day, will be gone. As the Marcellus “Gold Rush” comes to West Virginia, it is time for policymakers to consider establishing a permanent mineral trust fund in…

Read The Full Story
July 20th, 2011 by
Booms and Busts: The Impact of West Virginia’s Energy Economy

As policymakers debate regulating Marcellus Shale gas drilling, the state needs to protect itself from the booms and busts of energy development that have left many counties with undiversified economies, a less-educated workforce and poorer health outcomes. This is according to a new report by the West Virginia Center on Budget and Policy, "Booms and…

Read The Full Story
June 22nd, 2010 by
The Impact of Coal on the West Virginia State Budget

Coal plays a significant role in West Virginia’s economy, contributing hundreds of millions of dollars in state and local revenue and providing well-paying jobs to tens of thousands of West Virginians. However, the size of the coal economy, while substantial, is not as considerable as previous accounts suggest. Further, such accounts have only presented coal’s…

Read The Full Story
May 1st, 2009 by
Taxing West Virginia’s Coal Reserves: A Primer

This report describes the history and current methods of taxing one of the state’s most valuable resources. It is intended as a useful reference for county officials, coal companies, landowners, and local citizens. Morgantown-based Downstream Strategies prepared the report, in collaboration with the WV Center on Budget and Policy. Read

Read The Full Story