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Future Fund Bill Approved

One stop to go before final vote in House of Delegates

March 4, 2014

WHEELING — West Virginia Senate President Jeff Kessler’s Future Fund proposal continues to blaze a smooth path through the Legislature, with just one stop to go before a final vote in the House of......

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UNCOMMONSENSE

Mar-05-14 7:07 PM

WHAT A JOKE!!!

A mere 127 million after 5 YEARS!!!!

And we ALREADY have more than a BILLION dollars in damage to infrastructure as a DIRECT result of the gas industry!!!!

And why wouldn't this money go BACK to the taxpayers????

Why is it that these guys ALWAYS find yet ANOTHER excuse to keep OUR money!!!!

And the very vague definition of the use of this "fund" is alarming to say the LEAST!

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DinoCrocetti

Mar-05-14 5:46 PM

"Please define: economic development projects, infrastructure and education enhancement?" It's politician speak for "ANYTHING AND EVERYTHING"

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Ragnar

Mar-04-14 5:53 PM

Perhaps the money cannot be SPENT but it can be borrowed against. The slimy Charleston politicians will use it as collateral for a nine-digit bond issue, which will go for "economic development" ie. financial kickbacks to well connected cronies and donors.

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dyingov

Mar-04-14 5:53 PM

"The bill also requires state officials to allow the fund to accrue interest until at least 2020 before spending any of it, and after that could use it only for three purposes: economic development projects, infrastructure or education enhancement."

Please define: economic development projects, infrastructure and education enhancement? LOL

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F15Eagle

Mar-04-14 3:58 PM

if they put money away such as this; it will be borrowed & stolen until someone finally asks 'where did it go' & 'oh,well, we must raise taxes on income and propery' - again..& again.. Check your wallets as kessler blabbers his trap.. - maybe ask him the superfund party went in dakota.-heh.

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DisplacedWVian

Mar-04-14 7:53 AM

If the future fund principal is not protected by a constitutional amendment provision, it will be depleted in short order by greedy politicians and their cronies.

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dyingov

Mar-04-14 6:42 AM

"As Senator Kessler has said a number of times, if we had done this with coal severance (taxes), we would have billions of dollars."

Why not coal severance? Does WV still mine coal?

Would the Southern legislators vote for such a scheme?

Kessler has put it to the very people that he was sent to represent! Gas is mostly located in the area he "represents!" And the peeps thought having a senate president representing would be good for them.

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