WV Center on Budget and Policy > Press > News Releases > Economic Diversification Trust Fund Would Protect State from Downturns in Severance Tax Revenue

Economic Diversification Trust Fund Would Protect State from Downturns in Severance Tax Revenue

January 30, 2012

As the Marcellus “Gold Rush” comes to West Virginia, it is time for policymakers to consider establishing a permanent mineral trust fund in West Virginia, similar to what six other states have done. So concludes the West Virginia Center on Budget and Policy in its report released today, “Creating an Economic Diversification Fund: Turning Nonrenewable Natural Resources into Sustainable Wealth for West Virginia.” The report highlights the benefits that such funds have brought to other states and how one could benefit West Virginia. Read release