WBOY, WOWK, MSN - President Joe Biden announced on Wednesday that $10,000 in student debt will be canceled for Americans who make less than $125,000 annually, leaving a large percentage of West Virginia students debt free. Read the full article. According to the West Virginia Center on Budget and Policy, a third of student loan borrowers in…
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Last week, we took a look at the total cost of the state's tax cuts of the past few years. According to state officials, cuts to the food tax and business taxes will cost the state $360 million in lost revenue this year, with more than half of the loss coming from the cuts to…
The vast majority of school-age children in West Virginia attend and receive their education through the public school system, and West Virginia’s state constitution requires "a thorough and efficient system of free schools." But a growing Hope Scholarship voucher program is diverting public resources away from the public education system and the nearly 250,000 children…
West Virginia University is currently facing a $45 million budget shortfall for the upcoming fiscal year, expected to balloon to $75 million annually by 2028. During this year’s State of the University address, WVU President Gordon Gee pointed to several factors driving the shortfall including declining college-aged population, lower college-going rates, and rising financial costs. But one major factor was glaringly…
West Virginia MetroNews - Last year’s child tax credit expansion provided families with a revenue source for routine expenses and essential items as well as funding for emergencies and addressing debt, according to a recent report. Read the full article. The Brookings Institution’s Global Economy and Development program released a study detailing the effects of the expanded…
Earlier this month, the West Virginia Manufacturers Association (WVMA) released a report in support of Amendment 2, which would give the state legislature the authority to exempt business machinery, equipment, and inventory from property taxes. While the WVMA claims the report bolsters the case for Amendment 2, it contains several flaws and misleading assumptions that…
The American Rescue Plan Act (ARPA), signed into law in March 2021, is a tremendous and unprecedented opportunity to invest in programs and projects that will increase public health and public safety as communities recover from the COVID-19 pandemic. The $1.9 trillion package’s flexibility allows for state and local governments to fund a wide range…
Tax Credits Would Be Cut by Nearly $4,200 On Average, Making West Virginia One of the Hardest Hit States in Nation For Immediate ReleaseContact: Caitlin Cook, 304.720.8662 (Charleston, WV) -- West Virginia would be among the states facing the biggest cuts to tax credits in the nation under the Affordable Care Act (ACA) repeal plan being…
350,000 low-income people in West Virginia will see their food assistance cut when a temporary boost to the Supplemental Nutrition Assistance Program (SNAP, formerly known as food stamps) expires November 1, new data from the U.S. Department of Agriculture (USDA) show. SNAP benefits will average only about $1.40 per person per meal after the cut.…
State Journal - A recent study by an Illinois-based public policy institute suggests prevailing wage laws help improve income disparities between white and minority construction workers. Read.