In Sunday's Gazette-Mail, John E. Pauley, the executive director of the West Virginia Chapter of the National Association of Insurance and Financial Advisors, wrote an op-ed making several dubious claims about the state of retirement security in West Virginia and about the proposed Voluntary Employee Retirement Accounts (VERA) program that is being supported by AARP.Ā For…
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For Immediate Release: December 13, 2023 Contact:Ā Kelly Allen, (304)-612-4180 Charleston, WV ā The vast majority of school-age children in West Virginia attend and receive their education through the public school system, and West Virginiaās state constitution requires "a thorough and efficient system of free schools." But a growing Hope Scholarship voucher program is diverting public resources…
Overview In 2021, the West Virginia Legislature established the Hope Scholarship Program, which proponents refer to as an āeducation savings accountā (ESA), but is more accurately described as an expanded school voucher. Recipients of the scholarship can apply the funds toward a variety of costs including but not limited to tuition, fees, tutoring services, transportation,…
This blog post, co-authored by the Keystone Research Center's executive director Stephen Herzenberg and the WVCBPās senior policy analyst Sean O'Leary, was originally published by theĀ ReImagine AppalachiaĀ coalition. West Virginia is at the center of the national political storm surrounding the need to invest in infrastructure, in families, and in combating climate change. Notably, West Virginia…
In March 2023, the Charleston City Council approved a $111.6 million budget for the 2024 fiscal year. Once again, the city dedicated one-fifth of its budget ($23.0 million) to uniformed Charleston Police officers for wages, benefits, pensions, insurance, and equipment. Of the $12.3 million budgeted for wages, $2.6 million was allocated for overtime pay. High…
A new report by the Economic Policy Institute (EPI) looks at who would benefit from raising the federal minimum wage to $15 an hour by 2024. According to EPI, if the federal minimum wage ($7.25/hour) was raised by about $1.30/hour/year over the next six years - reaching $15 in 2024 - it would benefit approximately…
After five years of flat budgets, lawmakers returned to Charleston for the 2024 legislative session with many important spending priorities to address major needs. Members of the Republican majority have said they want to provide pay raises for public employees and raise starting salaries in sectors with vacancies, increase provider reimbursement rates, and address child…
Nearly 250,000 West Virginia children receive their education in the public school system. High-quality public education helps make the American dream possibleāat its best, ensuring a strong educational foundation for all children across race, ethnicity, disability status, gender, religion, and socioeconomic background. In addition to public schools educating the vast majority of children in our…
From looming PEIA and Medicaid shortfalls to crisis-level vacancies at state agencies, years of so-called "flat" state budgets are leading to real reductions in public services for West Virginians all across the state. HB 2526, the governorās proposed personal income tax cut plan, would worsen these issues, leading to near-immediate budget shortfalls and eliminating the…
West Virginia's latest revenue report shows that the state continues to feel the impact of income tax cuts. As of May 2024, and with one month left in the fiscal year, FY 2024 General Revenue collections are $800.2 million, or 13.6 percent, below FY 2023 collections. Income tax revenue collections in May of FY 2024…