WV Center on Budget and Policy > Blog > Budget Beat – October 24, 2014

Budget Beat – October 24, 2014

Summit on Race Matters in Appalachia Almost Here

Time is running out to register for the Summit on Race Matters in Appalachia. Please take a minute to fill out the easy on-line registration form today to hold your reservation!

Register now!

Thanks to generous funding from foundations and organizations, there is limited scholarship money available. Please visit www.wvpolicy.org to find out more.

If your organization is interested in sponsoring, please contact lframe@wvpolicy.org. There are a variety of sponsorship levels available! Act now so we can be sure to include you in the event program.

The event costs just $25 which covers registration for both days.

To learn more about the event and register, visit www.wvpolicy.org

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First SCORE Meeting – Wednesday, October 29

The first meeting of the Southern Coalfield Organizing and Revitalizing the Economy (SCORE) task force will take place next week in Beckley.

Senators Mike Green and Art Kirkendoll will host the meeting at the Raleigh County Commission on Aging, 1614 Kanawha Street, starting at 6PM. The event is free and open to the public.

Please plan to attend to learn more about how this task force, announced last week by Senate President Jeff Kessler, will work towards diversifying the economy of southern West Virginia and strengthening the community’s families.

Time for Voluntary Employee Retirement Accounts (VERA)

Only 30 percent of West Virginia employees working for small businesses are offered a retirement plan at work. With so few workers saving for retirement, West Virginia, and its aging population, is facing a retirement crisis.

This week WVCBP Fiscal Policy Analyst Sean O’Leary presented to the interim Joint Committee on Pensions and Retirement on the retirement gap facing West Virginia. In addition, the WVCBP released the new report “Solving the Retirement Crisis,” to explain how VERA would help workers save for the future and give employers a tool to assist employees to set aside money for retirement.

The main opponent of this voluntary program is the insurance industry which wrote an op-ed appearing in last week’s Sunday Gazette-Mail. Check out Ted’s blog post this week which counters industry claims that VERA is costly and unnecessary.

Wonk on Coal

If you are anywhere near a TV or radio these days, chances are you are hearing a lot about who’s going to fight hardest in the War on Coal. But what is causing the decline of coal production in West Virginia? For the facts, check out part one of Ted’s blog series, 7 Things You Need to Know About Why Coal is Declining in West Virginia.

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