West Virginia Lawmakers Pass Budget Earmarking Surpluses for Liabilities

Ackerman, Andrew
March 2006
Bond Buyer;3/21/2006, Vol. 355 Issue 32343, p3
Trade Publication
The article reports on the approval of the 3.88 billion dollar fiscal 2007 budget by the West Virginia Legislature that uses most of the projected revenue surpluses of the state to prop up some of its massive long-term liabilities. The legislature approved no specific bond proposals attached to the fiscal budget unlike the previous year. A part of the budget was set aside to pay the liabilities for teachers.


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