WV Center on Budget and Policy > Press > WVCBP in the News > Lawmakers Hope for Future Fund After North Dakota Trip

Lawmakers Hope for Future Fund After North Dakota Trip

August 23, 2013

Charleston Gazette – West Virginia legislators from both parties say they are hopeful about the prospects of setting up a “future fund” based on oil and gas revenues, after spending Thursday in meetings in North Dakota learning how that state’s legislature went about setting up a similar fund. Read

Senate President Jeff Kessler, D-Marshall, who spearheaded the trip of 19 legislators, said that he fully expects to propose legislation that would use oil and gas severance taxes to create a permanent fund for infrastructure, economic development or future tax relief.