W.Va. Senate puts Future Fund growth on hold

Published



CHARLESTON, W.Va. (AP) — The West Virginia Senate has approved House changes that place Future Fund growth on hold.

The bill will now skim 3 percent from all severance taxes on coal, oil, natural gas, minerals and timber for the Future Fund only when the state’s rainy day fund is at least 13.5 percent of the general revenue. Until then funds are diverted to the rainy day fund.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.