WV Center on Budget and Policy > Press > WVCBP in the News > Analyst: Future Fund Will Need Miracle to Grow

Analyst: Future Fund Will Need Miracle to Grow

March 13, 2014

Wheeling Intelligencer – West Virginia’s newly created Future Fund could still be sitting empty five years from now unless the state finds a way to grow its Rainy Day Fund by about $126 million by then, according to West Virginia Center on Budget and Policy Executive Director Ted Boettner. Read

During the final days of the Legislature’s regular session, the House of Delegates attached a number of conditions to state Senate President Jeff Kessler’s Future Fund bill that will make it difficult to invest any money in it for the forseeable future. It’s all but certain nothing will flow into the fund during the next fiscal year, as one House constraint – dipping into the state’s $922 million Rainy Day Fund in order to balance the budget – is likely to be met within days when the Legislature passes the fiscal year 2015 budget. –