Governor Bevin To Allocate 100 Percent of Coal Severance Dollars to Coal Counties For the First Time in Kentucky History
Additional $30 Million for State’s Coal Counties
LEXINGTON, KY – In a historic decision that will benefit coal counties and all of Kentucky, Governor Matt Bevin today announced that he will allocate 100 percent of Kentucky’s coal severance dollars to coal counties in the 2020-2021 state budget.
For the last twenty years, state revenue collected from coal severance taxes has been split 50-50 between the state general fund and coal counties. Now, Governor Bevin will ensure that 100% of that revenue is returned to coal counties so that these counties can continue to grow their local economies.
In a statement, Governor Bevin said:
“Kentucky’s coal counties are in the best position to determine how coal severance dollars should be spent in their local communities. For the first time in Kentucky history, we are committing to return 100 percent of the coal severance money generated in the counties. This additional $30 million will be used to meet local needs and spur economic development. This is how good government should work and I am proud to emphasize more local control of these funds.”
Knott County Judge Jeff Dobson added:
“Kentucky’s coal producing counties have become collateral in the War on Coal being waged by national Democrats. While $30 million is a drop in the bucket to State Government, it could mean the difference between solvency and collapse for counties like mine. Without Governor Bevin’s leadership on this issue, I don’t know what the future would hold for us.”
Harlan County Judge Dan Mosley added:
“Coal Counties have been devastated by the War On Coal. Declining tax receipts have made it impossible for many of these counties to invest in infrastructure for economic diversification, serve senior citizens, and make sure our fire departments and rescue squads have equipment necessary to protect life and property. Today, I sincerely appreciate Governor Bevin for seeing the need and taking action to return 100% of the coal severance tax funds to this region that is rebuilding and still attempting to provide essential services to our citizens. There is a future in Appalachia. This support by Governor Bevin will help solidify that future even more.”
Bevin campaign manager Davis Paine added:
“Governor Bevin and President Trump have worked tirelessly to reverse the damage of Obama’s War On Coal, and today is another step forward for in the fight for Kentucky’s coal counties. The governor understands that an investment in coal is an investment in Kentucky’s future. While Andy Beshear proudly voted for Hillary ‘We’re going to put a lot of coal miners and coal companies out of business,’ Clinton, Governor Bevin continues to work hard for this vital Kentucky industry.”