The Charleston Gazette -- Tomblin rejected the proposal floated earlier this week in a report from the West Virginia Center for Budget and Policy. The Center said an additional one percent severance tax on coal and natural gas could raise $5.8 billion in revenue over the next quarter-century. Read
WVCBP in the News
The Charleston Gazette -- "How can we make sure that Marcellus Shale benefits working people and future generations?" Ted Boettner, Executive Director of the West Virginia Center on Budget and Policy asked. Read
AP, Fox News -- Boettner said his group isn't against a cracker plant coming to the region, but it wants to make clear that someone has to pay for local infrastructure costs. Read
Charleston Daily Mail -- The Legislature should create a permanent severance tax trust fund, the West Virginia Center on Budget & Policy said. Read
The Charleston Gazette --West Virginia should begin setting aside a portion of coal and natural gas severance taxes to create a trust fund that could help pay for long-term programs for economic development, education and infrastructure improvement, a progressive policy research group said in a report released Tuesday. Read
The Charleston Gazette -- We've written before about the proposal from the good folks at the West Virginia Center for Budget and Policy for a long-term trust fund to prepare our state for the day the coal and natural gas run out … well, today, the center has a new report out that discusses this…
The State Journal, WOWK-TV -- The West Virginia Center on Budget and Policy just released a report concluding its model of an "Economic Diversification Trust Fund" could create $2 billion in cumulative funding with $3.7 billion of remaining principal by 2035. Read
The Charleston Gazette -- Ted Boettner, Executive Director of the West Virginia Center on Budget & Policy, said how much the Mountain State benefits from the drillings depends on how well the state prepares for the future. Read
Associated Press, Herald-Dispatch, Charleston Gazette -- The West Virginia Center for Budget and Policy has questioned this and other proposals targeting "personal" property taxes. It argues that government spending can play a positive role in economic development, and scrutinizes tax cuts pursued to attract business. Read
The Herald-Dispatch -- As West Virginia becomes more aggressive in offering incentives for economic development, it might want to step back a little to review whether it has received all it bargained for in the past. Read