WV PROJECT FUNDING Tomblin Seeks Larger Reserves, Project Funding
Reported by: Associated Press
Web Producer: Heath Harrison
Reported: Feb. 15, 2013 5:39 PM EST
Updated: Feb. 15, 2013 5:50 PM EST
Eyewitness News Photo
Charleston
, Kanawha County
, West Virginia
Gov. Earl Ray Tomblin wants to increase West Virginia's already robust emergency reserves.
The governor hopes to win over lawmakers by also pledging funding for basic road needs and special infrastructure projects.
The state now has a so-called Rainy Day fund with more than $565 million. That exceeds 13 percent of general revenue spending, making it one of the healthiest reserves among states.
Tomblin had legislation introduced Friday to increase the reserve's target to 15 percent of spending. It would also dedicate future surpluses to water, sewer and other projects. The State Road Fund would get half of those deposits.
The bill also earmarks interest from investing reserve funds for Medicaid. But a similar measure died last session, in a debate over whether recurring surpluses should instead trigger tax cuts.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
W.Va. girl who refused vaccines marches with class May 24, 2013 4:46 PM EDT A Randolph County girl who was banned from attending school after refusing to get state-mandated vaccinations will take part in her graduation ceremony.
Healthy gorilla baby born at central Ohio zoo May 24, 2013 7:31 PM EDT A gorilla baby has been born at the Columbus Zoo and Aquarium, joining 16 other of the large primates at the zoo.
Associated Press
