coalmine 300FRANKFORT, Ky. (7/11/13) – State Representatives Fitz Steele and Leslie Combs pre-filed legislation today that would return all coal-severance tax dollars to the counties that actually produce the coal.
 
“Just this week, we saw where these taxes dropped more than a fifth during last fiscal year, and with the president’s announcement a few weeks ago that even more coal-killing regulations are on the way, this figure is all but guaranteed to drop even more,” said Rep. Steele, D-Hazard, the bill’s principle sponsor. “Our coal counties are hurting, and if they are going to survive, they need this money. They’ve certainly earned it.”
 
“While no one is questioning the value of the many programs funded by coal-severance dollars, the truth is that by the time the coal counties get their share, the flow of money has dwindled to a trickle,” said Rep. Combs, D-Pikeville, the prime co-sponsor. “While we hope otherwise, it appears that we’re entering a new age when it comes to coal, and we need all of this revenue to help us make that transition.”
 
Both legislators were the sole sponsors of a similar bill during this year’s legislative session, but said that it will be more relevant next year, when the General Assembly adopts the state’s two-year budget.
 
 According to budget officials, coal severance revenue declined from $298.3 million in the 2012 fiscal year to $230.5 million in 2013 – a 22.7 percent decline.
 
Under current law, several programs are funded “off the top,” and what remains is then split equally between the state and the coal counties. A complex formula then dictates how the local portion is budgeted for individual coal counties and many other programs.
 
“The coal counties have more than paid their fair share over the 40 years of the coal-severance program, so the time has come to tip that balance the other way,” Rep. Steele said. “No one can question the need, and we have the vision on what should be done. All we need is a way to pay for it, and Leslie’s and my bill provides the way. It’s time has come.”
 
The General Assembly will consider the legislation during the 2014 Regular Session, which begins in January. Here is a link to the pre-filed bill: http://www.lrc.ky.gov/record/14rs/HB15.htm
 
SurfKY News
Information provided by Brian Wilkerson

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Posted on 2/2/14
3/13 - 16
1 DOW 17,440.59
-127.94 (-0.73%)    
2 S&P 2,067.64
-12.01 (-0.58%)    
3 NASDAQ 5,039.78
-48.85 (-0.96%)    
3/13 - 16

Most Read This Week

July 23, 2015 14246

UPDATE: Family Confirms Body of Missing Teen…

by Shawn Freels, SurfKY News
July 23, 2015 4230

Woman Accused of Striking Juvenile with Metal Belt

by SurfKY News
July 22, 2015 4093

No. 9 Steakhouse Suffers Fire; Owners Vow to…

by Doreen Dennis, SurfKY News
July 27, 2015 3908

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 22, 2015 3793

UPDATE - GPD Recovers Stolen Vehicle, Arrest Made

by SurfKY News

Most Read This Month

July 02, 2015 19262

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 17, 2015 15220

Muhlenberg Most Wanted - Top 10

by SurfKY News

Stories Trending Now

July 27, 2015 3907

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 27, 2015 3128

School System Announces Free Lunch/Breakfast at…

by SurfKY News
July 27, 2015 960

Family Needs Help in Paying 18-Year-Old's Funeral…

by SurfKY News
July 27, 2015 902

Baptist Health Names Regional Marketing, Public…

by SurfKY News
July 27, 2015 808

New Madisonville Public Parking Area Announcement

by SurfKY News
July 27, 2015 690

Madisonville Police Arrest Reports Released –…

by SurfKY News
July 27, 2015 539

Dawson Springs Police Reports Released

by SurfKY News
July 27, 2015 435

Two Vehicle Motorcycle Injury Accident

by SurfKY News
July 27, 2015 426

Pet of the Day - Charlie

by SurfKY News
July 27, 2015 411

Missions in a Belizean Paradise

by SurfKY News