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 This material may not be published, broadcast, or rewritten without permission.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 16,058.35
-469.68 (-2.84%)    
2 S&P 1,913.85
-58.33 (-2.96%)    
3 NASDAQ 4,636.10
-140.40 (-2.94%)    
3/13 - 16

Most Read This Week

August 31, 2015 5716

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
August 27, 2015 4849

All is Well after MNHHS Lockdown

by Doreen Dennis, SurfKY News
August 30, 2015 3734

UPDATED: 'He Fought the Law ... but, the Law Won'

by Doreen Dennis, SurfKY News
August 26, 2015 3006

Man Charged with Theft, Meth, Marijuana Growing

by SurfKY News
August 27, 2015 2585

Kentucky Career Center Blood Drive Aug. 31

by SurfKY News

Most Read This Month

August 06, 2015 17903

Muhlenberg Woman Reportedly Suffers Violent…

by SurfKY News
August 24, 2015 11699

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

August 31, 2015 5716

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
August 30, 2015 1565

Smoke Fills Business, Upstairs Apartment on Center

by Doreen Dennis, SurfKY News
August 31, 2015 1536

Bremen's Father's Country Hams Kentucky Grand…

by Tammy Holloway, SurfKY News
September 01, 2015 1404

Small Business Tax Credit Workshop

by SurfKY News
August 30, 2015 1253

Fire at Gas Pump Prompts Firefighters' Swift…

by Doreen Dennis, SurfKY News
August 31, 2015 1125

Man's Threats Result in Evacuation of Adjacent…

by SurfKY News
September 01, 2015 1046

Central City Gospelfest Planned for September 2

by SurfKY News
August 31, 2015 1006

One Injured When Dump Truck Overturns

by SurfKY News
August 31, 2015 915

Hopkins County Sheriff's Reports Released

by SurfKY News
August 31, 2015 831

Faith and Politics

by KET