By ANDREA LANNOM The Register-Herald CHARLESTON, W.Va. — Moody’s Investors Services has downgraded West Virginia’s general obligation debt rating, affecting about $393.6 million in outstanding debt. The reason for the downgrade from Aa1 to Aa2, according to the rating agency, is because of a “multi-year trend of growing structural imbalance[Read More…]
Month: February 2017
Bill to allow state officials to waive salaries waits in committee
By RUSTY MARKS The State Journal CHARLESTON, W.Va. — Throughout his campaign, West Virginia Gov. Jim Justice vowed he would not take a salary if elected. The only problem is he has to. Salaries of the governor and other elected state officials are set by state code. The law[Read More…]
Legistlature roundup from WV papers
From The Dominion Post Tobacco ban bill thrown out CHARLESTON, W.Va. — The House Health and Human Resources Committee killed a bill Feb. 21 that aimed to ban the sale of tobacco and vaping products to people under age 21. HB 2331 would have made the sale of those products[Read More…]
Moody’s downgrades WV’s bond rating
From staff reports The State Journal CHARLESTON, W.Va. — WV Gov. Jim Justice and Revenue Secretary Dave Hardy addressed members of the media Feb. 21 to discuss a recent report from Moody’s that downgraded the state’s general obligation debt rating. Moody’s Investors Service downgraded West Virginia’s general obligation debt to[Read More…]
WV’s bond rating downgraded for 3rd time in a year
By PHIL KABLER Charleston Gazette-Mail CHARLESTON, W.Va. — Gov. Jim Justice said the downgrade issued Tuesday of West Virginia’s bond rating — the third downgrade in the past year — “just makes me sick,” and admonished the Legislature for failing to address structural problems in the state budget. Justice held[Read More…]
Moody’s downgrades WV debt rating
By LACIE PIERSON The Herald-Dispatch CHARLESTON, W.Va. — West Virginia Gov. Jim Justice said it made him sick to learn that the state of West Virginia’s general obligation debt rating was downgraded by Moody’s Investor Services Tuesday. In a news conference Tuesday afternoon, Justice and Secretary of Revenue Dave Hardy said[Read More…]
West Virginia’s debt rating lowered
By MICHELLE DILLON Times West Virginian FAIRMONT, W.Va. — West Virginia’s debt rating has been lowered. West Virginia Gov. Jim Justice and West Virginia Department of Revenue Secretary Dave Hardy announced during a Tuesday afternoon press conference that Moody’s Investors Service lowered the state’s general obligation debt rating. West Virginia’s[Read More…]
WV movie industry: Cutting Film Office, tax credit would harm state
By DOUGLAS IMBROGNO Charleston Gazette-Mail CHARLESTON, W.Va. — Supporters might view it as serendipity that the West Virginia Film Office is hosting a free “Business of Film” workshop today at the West Virginia State University EDC center on Charleston’s West Side. That’s because backers of the Film Office and its[Read More…]
Senator concerned whether budget will be completed without special session
By ANDREA LANNOM The Register-Herald CHARLESTON, W.Va. — With 25 percent of the session already elapsed, the clock is ticking on arriving at a balanced budget. Sen. Mike Woelfel, D-Cabell, expressed concern Monday over whether the budget would be completed without the need for a lengthy special session. Majority Leader[Read More…]
House committee advances bill to restructure Bureau for Medical Services
By ANDREA LANNOM The Register-Herald CHARLESTON, W.Va. — A House committee advanced a bill Tuesday that would restructure the Department of Health and Human Resources and killed a bill that would raise the legal age to buy cigarettes. The House Committee on Health and Human Resources approved House Bill 2376,[Read More…]
