3:06pm: Hotline with Dave Weekley

Lawmakers hitting the road as part of job creation task force legislation

CHARLESTON, W.Va. — A Senate-House delegation will be hitting the road this summer as part of legislation establishing a job creation task force.

Senate President Jeff Kessler announced Tuesday that the delegation will be heading to North Dakota to learn more about the state’s legacy fund.

The North Dakota Legacy Fund was created in 2011 and is funded by oil and gas tax revenue. The fund reached the $1 billion milestone in only 20 months.

A similar fund for West Virginia was proposed by Kessler. That fund would be called the West Virginia Future Fund.

Kessler in a release said the Future Fund is a great move for the state.

If we can create the fund and begin investing in it now, it will send a powerful message to Wall Street that West Virginia, during these tough economic times, is not only balancing its budget but also saving for the future,” stated Kessler in the release.

The task force is part of House Bill 3013 which was passed earlier this year.

The bill authorizes the Senate President and House Speaker to appoint job creation work groups that can work independently or in cooperation with the Department of Commerce, the West Virginia Development Office, or other executive office or agency of the state, to obtain information to assist the Legislature’s efforts to take effective action to increase and attract jobs in West Virginia.

The members of this delegation are expected to be chosen at a later date.





More News

News
UMWA to fight planned Pennsylvania coal mine closure, 700 mining jobs at risk
Mine located south of Waynesburg, Pa., less than 40 miles from Morgantown.
March 28, 2024 - 2:23 pm
News
Bridge collapse having an impact on West Virginia coal shipments
About third of the coal mined in northern West Virginia is shipped out of the presently idled Port of Baltimore
March 28, 2024 - 1:18 pm
News
Charleston animal shelter seeks more donations, fosters following U-Haul crash
The corner roof of the Kanawha-Charleston Humane Association building was stabilized Thursday morning.
March 28, 2024 - 12:41 pm
News
Controversial unemployment bill becomes law without governor's signature
The bill freezes employer contributions and freezes benefits for people who lose their jobs.
March 28, 2024 - 12:20 pm


Your Comments