By PHIL KABLER
Charleston Gazette-Mail
CHARLESTON, W.Va. — West Virginia has scored mostly B’s and a C on a report card grading each state’s budget process.
The report card, produced by the nonpartisan Volcker Alliance, gave West Virginia grades of B for Budget Forecasting, Budget Maneuvers, Reserve Funds and Transparency, and a C for Legacy Costs.
It cited the state’s failure to make the annual actuarially required contribution to cover OPEB benefits — which are primarily future health care costs for retired public employees — for the low grade for Legacy Costs, citing a current OPEB unfunded liability of $2.5 billion.
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