Budget Beat - August 9, 2013 Nonprofit Hospitals With Large Profits West Virginia's ten largest nonprofit hospitals had $227 million in net profit in 2011 while having tax-exempt status and paying their CEOs six-figure salaries. In his blog post this week, Brandon introduces possible ways these hospitals could contribute financially to the local communities that…
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BREAKING NEWS: Health care costs are slowing down! Now to be clear, health care costs are not going down, they're just growing less quickly than before. Putting it like that doesn't make it sound all that promising but the truth is that it is actually a pretty big deal and caught most everyone flat-footed. It's…
The pressure on the state budget from the COVID-19 pandemic and resulting economic fallout continues to mount. In April, state revenue collections were $192 million below estimates, setting the stage for what could be a total $500 million shortfall by the end of the fiscal year. Moreover, recent economic projections from the Congressional Budget Office…
Overview Read the full fact sheet here. Under the American Rescue Plan Act (ARPA), states, cities, counties, U.S. territories, and tribal nations will receive a total of $350 billion in Fiscal Recovery Funds to respond to the COVID-19 emergency and help bring back jobs. In West Virginia, the state government will receive $1.355 billion and…
Governor Justice has finally unveiled his proposal to make sweeping changes to the state's tax system, including a substantial cut to the state's personal income tax, while raising a variety of sales and other taxes. The tax reform would create a dramatic change in who pays state taxes in West Virginia, shifting the responsibility onto…
Senator Joe Manchin has recently called for the budget reconciliation package currently being negotiated in Congress to be cut from $3.5 trillion to $1.5 trillion over 10 years. The Build Back Better agenda, combining the Bipartisan Infrastructure Framework and the proposed $3.5 trillion budget reconciliation package, is estimated to support more than 4 million jobs annually, including over 17,000…
Housing insecurity has been a particularly insidious aspect of the COVID-19 pandemic and the subsequent recession as households’ collective ability to contain the illness relies on their ability to isolate themselves at home. There are several additional factors to consider here, but at its core, the question remains: if you are facing eviction or foreclosure, where…
The Inter-Mountain - West Virginia is looking at a $300-$400 million budget deficit in fiscal year 2018, and state lawmakers must be ready to answer difficult questions about how to bridge the gap, officials with the West Virginia Center on Budget and Policy said. Read After a special legislative session that cost $595,000, Gov. Earl…
Last week, the Center on Budget and Policy Priorities updated their list of states with budget shortfalls in FY 2012. As you can tell from the chart below - or from reading the paper last week - the Mountain State is one of 6 states that does not have a budget shortfall in the upcoming…
Clarksburg Exponent-Telegram - West Virginia's state budget is facing some serious problems that require immediate action, according to the West Virginia Center for Budget and Policy's executive director. Read The West Virginia Center for Budget and Policy is a nonpartisan organization that examines West Virginia's state budget and advocates for various programs to help improve…