TITLE

West Virginia Candidate Proposes Bonds to Fund Workers' Comp

AUTHOR(S)
Newman, Emily
PUB. DATE
October 2004
SOURCE
Bond Buyer;10/28/2004, Vol. 350 Issue 31999, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents information that Monty Warner, Republican candidate for governor of West Virginia, has proposed a roughly $3.2 billion bond sale to help pay down the state's unfunded liability in future workers' compensation payments, but opponents of the plan say it could imperil the very revenue that would back those bonds. Warner's plan could increase the state's share of video lottery profits to roughly 45 cents per dollar, up from the current figure, reported at 36 cents. Warner maintains that increasing the state's share of video lottery profits is fair and does not constitute a tax increase.
ACCESSION #
14891619

 

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