Budget Questions Await West Virginia's New Governor

Newman, Emily
January 2005
Bond Buyer;1/13/2005, Vol. 351 Issue 32049, p26
Trade Publication
The article reports that the West Virginia Legislature has been adjourned for a month to allow Governor-elect Joe Manchin to create a budget, and January 2005 will likely be a time of fresh fiscal concerns for the state. Outgoing Governor Bob Wise will present an initial budget as a likely guideline for Manchin. Still, the state faces up to US$10 billion of unfunded pension liabilities. A plan to help fund those liabilities was scrapped after the state Supreme Court ruled that voters must approve a US$4 billion pension bond proposal.


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