Saturday, January 30, 2010
WV Appears Financially Stable
WEST VIRGINIA...
Senate President Earl Ray Tomblin, D-Logan, told a group of newspaper men and women who converged on Charleston for the annual West Virginia Press Association Legislative Breakfast at the Town Centre Marriott. Pointing to a recent analysis of each state’s financial stability, Tomblin said West Virginia ranked No. 2 in the nation. That doesn’t mean budget cuts aren’t on the way. During the 2009 Legislative session, the Senate president said lawmakers trimmed 2 percent from the budget, and Gov. Manchin has asked them to slice another 5 percent during the 2010 term. The Mountain State only used a small percentage of its stimulus money to make last year’s budget add up. Other issues they expect to deal with this session included public financing of judicial elections, the possible elimination of the inventory tax, overcrowding of prisons, management of the state’s fleet and a plan that would allow municipalities to impose fees on owners of abandoned buildings.
Senate President Earl Ray Tomblin, D-Logan, told a group of newspaper men and women who converged on Charleston for the annual West Virginia Press Association Legislative Breakfast at the Town Centre Marriott. Pointing to a recent analysis of each state’s financial stability, Tomblin said West Virginia ranked No. 2 in the nation. That doesn’t mean budget cuts aren’t on the way. During the 2009 Legislative session, the Senate president said lawmakers trimmed 2 percent from the budget, and Gov. Manchin has asked them to slice another 5 percent during the 2010 term. The Mountain State only used a small percentage of its stimulus money to make last year’s budget add up. Other issues they expect to deal with this session included public financing of judicial elections, the possible elimination of the inventory tax, overcrowding of prisons, management of the state’s fleet and a plan that would allow municipalities to impose fees on owners of abandoned buildings.
# posted by Homer Owens @ 7:13 AM 
