Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Stumbo Explains use of Multi-County Coal Severance for Rupp Arena

stumbo greg 300FRANKFORT, Ky. (6/14/13) – Kentucky House Speaker Greg Stumbo said that the use of excess multi-county coal severance revenue to move Rupp Arena renovations forward is not an unprecedented concept, and that he will also work to see the $2.5 million is re-paid as the Fayette County project moves forward.
 
“In the wake of Wednesday’s story about this issue, I want to first clarify that the multi-county coal severance fund is not used by counties to fund every-day expenses, and there is traditionally a surplus in that account from one budget cycle to the next,” said Speaker Stumbo, D-Prestonsburg. “The multi-county fund was created to improve and assist coal and non-coal counties alike. Some of the more recent examples of projects benefiting non-coal counties include $355,750 to improve broadband coverage and about $2 million for regional industrial projects. Another internet-based initiative funded by coal severance money helps counties beyond the coalfields as well.
 
“I believe all of these are worthwhile and will have a positive impact. At the same time, there was broad agreement that the Rupp Arena project needed to move forward as well,” Speaker Stumbo added.
 
“Governor Beshear and the House both included $3.5 million in their budget proposals, with the money to come from bonds that would be paid back from the state’s General Fund. This is a sensible approach, because bonds will be issued to cover the sizeable cost needed to pay for all of the planned renovations. The Senate, however, refused to agree to this approach, so if the Rupp Arena renovations were going to stay on target, we had to find the revenue somewhere. Both House and Senate leaders agreed in a bipartisan way that this excess revenue in the multi-county coal severance fund could help us bridge that gap. When the bonds for renovating Rupp are issued, though, I fully intend to see that the money is replaced back into the multi-county fund, making it more of a loan than a grant.”
 
“I have fought my whole career in public service for our coal counties and will continue to do so,” he added. “While not what the House originally wanted, this approach on Rupp will not hinder any project in a coal county, and I would not have supported it if I thought it did.”
 
SurfKY News
Information provided by Brian Wilkerson

© Copyright 2014 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 by using one of the social media links below.

In Other News...

Drug Awareness March Teaches 'Hopelessness Has a Cure'

NORTONVILLE, Ky. (7/26/14) — A march today seeks to raise awareness of drug addiction and the recovery services offered… Read More

MCCH Volunteers Provide More Than 530 Free Sports Physicals for Local Athletes

MURRAY, Ky. (7/26/14) — A team of seven volunteer physicians, four APRNs and 31 other staff recently provided free… Read More

Most Read This Week (Site-Wide)

July 24, 2014 3764

Powderly Man Injured in Apparent Gun…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 2757

Crime Stoppers Top Most Wanted - July 23,…

in Top Stories by Crime Stoppers
July 24, 2014 2666

Madisonville Man Charged for Drugs,…

in Top Stories by Trooper Stu Recke
July 23, 2014 2267

Greenville Family Loses Home, Possessions…

in Top Stories by Charles W. Riley II, SurfKY News
July 25, 2014 2077

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News

Most Read Stories from Hopkins County

July 23, 2014 2757

Crime Stoppers Top Most Wanted - July 23,…

in Top Stories by Crime Stoppers
July 24, 2014 2666

Madisonville Man Charged for Drugs,…

in Top Stories by Trooper Stu Recke
July 25, 2014 2077

No One Injured in Truck-Train Collision

in Top Stories by Ami Clayton, SurfKY News
July 25, 2014 1359

Vehicle Strikes Lawn Mower Driven on…

in Top Stories by Dep. Mike Evans
July 24, 2014 1048

Hopkins County Fair Provides Family Fun

in Top Stories by Ami Clayton, SurfKY News

Most Read Stories from Owensboro

July 23, 2014 1521

Owensboro Neighborhood Alliance Meeting…

in News by Sherry Girten
July 23, 2014 1470

Fall Baseball League Registrations

in News by Brittni Bunn
July 24, 2014 1290

US 231 Ohio River 'William Natcher'…

in News by Keith Todd
July 24, 2014 969

Maintenance Scheduled at Fisher Park and…

in News by Brittni Bunn
July 24, 2014 828

Portion of Spring Bank Drive Closed…

in News by Sherry Girten

Most Read Stories from Muhlenberg County

July 24, 2014 3764

Powderly Man Injured in Apparent Gun…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 2267

Greenville Family Loses Home, Possessions…

in Top Stories by Charles W. Riley II, SurfKY News
July 23, 2014 1966

Swinging for Sadie Raises $6,000 for…

in Top Stories by Paul McRee, SurfKY News
July 24, 2014 1697

Muhlenberg to Have State's Only Honey…

in Top Stories by Charles W. Riley II, SurfKY News
July 24, 2014 1256

Marching Mustangs Band Camp Underway

in Top Stories by Charles W. Riley II, SurfKY News

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03