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W.Va. Senate president proposes future fund

January 6, 2014
Associated Press

SOUTH CHARLESTON, W.Va. (AP) — Senate President Jeff Kessler says he thinks he has the support of Gov. Earl Ray Tomblin and House Speaker Tim Miley to create a future fund for education and other needs, despite budget woes.

Kessler says the plan would set aside a portion of the severance tax on the state's natural gas industry for the fund. But it wouldn't impose any higher tax rates or affect current government programs.

The plan could infuse more money for future teacher pay raises, infrastructure and other needs.

Kessler will push the plan in the upcoming legislative session.

Representatives from the coal, natural gas and oil industries only cautioned that lawmakers not raise taxes on their industries.

The officials gathered Monday for the West Virginia AP Legislative Lookahead at Marshall University's South Charleston campus.



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