TITLE

Surging Coal Prices May Help for Now, But-West Virginia's Pension Issues Persist

AUTHOR(S)
Ackerman, Andrew
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, p32
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on analysts' warning that the financial outlook for the double-A-minus rated West Virginia remains mixed despite the state's surplus revenue to meet its pension liabilities. The West Virginia Legislature has approved a $3.88 billion fiscal 2007 budget that uses the state's projected budget surpluses to address its long-term liabilities. The state revenue is projected to increase by about 7 percent in 2006.
ACCESSION #
20409192

 

Related Articles

  • Surpluses Chip Away at a Mountain of Liabilities. Ackerman, Andrew // Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p69 

    The article provides an overview of the fiscal condition of West Virginia. The ability of West Virginia to pay its unfunded pension liabilities in 2005 was attributed to budget surpluses. The state has the policy of using excess funds for long-term liabilities rather than increasing government...

  • West Virginia.  // Bond Buyer;02/14/2000, Vol. 331 Issue 30828, p90S 

    Focuses on the economic conditions of West Virginia. Priorities of state authorities in public finance; Plans in tapping the tax-exempt bond market for single-family housing loans; Needs for water infrastructure; State and authorities general use of proceeds; Data on total debt per capita.

  • Unexpected Surplus. DeSue, Tedra // Bond Buyer;3/17/2005, Vol. 351 Issue 32092, p31 

    Reports that the Tennessee state has a surplus in revenues for February 2005.

  • Spending a Surplus. Watts, Jim // Bond Buyer;1/17/2006, Vol. 355 Issue 32299, p33 

    The article reports on the posting of a revenue surplus of 85 million dollars in Arizona. Such surplus will be available to the Legislature to cut taxes, raise state employee pay, fight illegal immigration and meet other legislative priorities. Almost 500 million dollars of the surplus can be...

  • In the money.  // American City & County;May2006, Vol. 121 Issue 5, p26 

    The article provides statistical information regarding state spending and revenues in the U.S., according to the National Conference of State Legislatures, as of May 2006. It identifies the number of states that expect to end fiscal year 2006 with a surplus. The total projected state surplus for...

  • West Virginia Doing Better Than Some, At Least for Now. Sigo, Shelly // Bond Buyer;11/19/2008, Vol. 366 Issue 33007, p5 

    The article reports on the economic condition and performance of West Virginia. So far, rising coal and gas prices coupled with conservative fiscal management have helped the state weather the economic downturn. Yet, state officials and economic experts believes the state is on the verge of...

  • West Virginia: Ambassadors, exporters convene to bring more of state to the world. Wallace, Douglas // Business America;Jun98, Vol. 119 Issue 6, p25 

    Highlights proceedings of the 1998 West Virginia International Trade Partners Luncheon held in Washington, D.C. on May 20. Keynote speakers; Topics discussed; US Department of Commerce's efforts to develop strategies for increasing exports from rural areas.

  • Looking for Growth While Treading Water. Vekshin, Alison // Bond Buyer;2/11/2002, Vol. 339 Issue 31322, p66A 

    Focuses on the economic condition of West Virginia in the fiscal year 2002. Expected growth in the state's budget in the fiscal 2003; Increase in the revenue collections from July through November 2001; Expected revenue growth in the fiscal 2002; Estimated income from the lottery in fiscal...

  • West Virginia's Growth Lagging Behind Rest of Nation. Vekshin, Alison // Bond Buyer;1/10/2002, Vol. 339 Issue 31301, p29 

    Focuses on the economic conditions of West Virginia. Comparison of the growth of real gross state product with other states of the U.S.; Percentage increase in jobs between 1990 and 2000; Median household income in the state in 2000.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics