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FY 2017 Base Budget = $4.5 Billion

Solutions for WV Budget Crisis:

Governor’s FY 2017 Appropriated Budget = $12.5 Billion

Over 2/3 supports education and health human services

More Cuts?

Solutions for closing the budget gap

$350 Million in Cuts: Here's what may have to go...

PLUS...

higher education grant programs and HEAPS $44 Million

Revenue solutions?

$350 Million

And Finally...

$25 Million in cuts to CTCs

Bureau of Senior Services - $63 Million

$14 Million

Dept of Commerce

$10 Million

$52 Million

$48 Million

Public Health Departments - $13 Million

West Virginia's Budget Crisis:

Finding a Prosperous Path

Persistent budget holes

education & arts $31 Million

$51 Million

Both?

PCC Meeting - Huntington Housing Authority - Tuesday, September 13, 2016

Not enough Revenue to cover costs

BASE BUDGET

How did the WV budget get to crisis stage?

Expressed in Millions

source: West Virginia State Budget Office

Source: West Virginia State Budget office. *there are no official estimates for FY 2018 budget gap

How much is the state budget?

How does the budget touch our lives?

Presented by

tara martinez, POC

West Virginia Center on Budget and Policy

www.wvpolicy.org @WVCBP

What is driving WV's revenue problem?

Severance taxes declining, especially natural gas

WV collected around $170 million less in FY 2016 compared to FY 2015

$243 million drop

Decline in coal extraction

Source: West Virginia Dept. of Revenue

Lowest coal tonnage in 100 years

Revenue Options: Closing $300 - $400 Gap

health care

(In Millions)

higher education

roads

schools

620,000– receive health care coverage (Medicaid/CHIP).

277,000– children enrolled in K-12 public school system in West Virginia.

36,000 – miles of road overseen by the West Virginia Department of Highways.

88,000– number of students enrolled in public higher education institutions in West Virginia.

Source: West Virginia Center on Budget and Policy and WV Tax Department

Source: West Virginia State Budget Office, FY 2017 Executive Budget

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