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Breaking the Resource Curse

January 2, 2014

 “Future Funds” Could Spur Economic Development in Central Appalachia

Ted Appalachian Voice photoThe Appalachian Voice – As Central Appalachian coal production declines, many realize the need to maximize tax revenues from coal and natural gas extraction. For the past three years, a movement to establish a permanent natural resource trust fund has grown in West Virginia. Ted Boettner, the executive director of the West Virginia Center for Budget and Policy, promotes the benefits of creating the fund to lawmakers and the public, saying the Future Fund is an opportunity to “build assets in an asset-poor state” and “pay if forward” for future generations. Read