the impact of coal on the kentucky state budget

The Economics of Coal in Kentucky: Current Impacts and Kentucky State Budget and The Economics of Coal in Kentucky We received a tremendous amount of feedback the impact of coal on the kentucky state budget

the impact of coal on the kentucky state budget

  • The Economics of Coal in Kentucky: Current Impacts and

    Kentucky State Budget and The Economics of Coal in Kentucky We received a tremendous amount of feedback that no doubt improved the quality of our work We appreciate the hard work of several student interns who helped bring the report and support pieces to completion The Economics of Coal in Kentucky: Current Impacts and Future ProspectsImpact of Coal on the Kentucky State Budget The report analyzed the Kentucky coal industry’s net fiscal impact on the state budget by estimating the amount of tax revenues contributed by the industry, as well as the state expenditures associated with supporting the industry and its employees The study concluded thatCoal and Renewables in Central Appalachia The ImpactImpact of Coal on the Kentucky State Budget (Konty and Bailey, 2009) The report analyzed the Kentucky coal industrys net fiscal impact on the state budget by estimating the amount of tax revenues contributed by the industry, as well as the state expenditures associatedThe Impact of Coal on the Virginia State Budget

  • per HB 200 LGEDF Kentucky

    Kentucky Coal Fields Endowment Fund 60% of funds are distributed to each coal State Budget Appropriations ("Off the Tops") are deducted Remaining Coal Severance Tax Revenue $15,896,000 in FY 19 $7,500,000 in FY 20 per HB 200 Producer Counties Impact Counties 10% 10% of each county's allocation is 60% 30% 10% of each county's allocation isWestern Kentucky Coal Field and 37 counties in the Eastern Kentucky Coal Field (Fig 1) The coal in both fields is Pennsylvanian in age (300 to 320 million years old) Kentucky coal is highvolatile C to highvolatile A in rank, which is higher than Wyoming’s subbituminous coal, but not as high as Pennsylvania’s anthracite coalCoal Fact Sheet, Kentucky ukyeduThe LGEDF serves as the repository for a portion of coal severance and processing tax receipts transferred from the general fund These taxes are collected and added to the LGEDF on a quarterly basis The state budget, enacted by the 20 20 General Assembly for Fiscal Year 2021, provides for seventy percent (70%) of the coal severance taxCoal and Mineral Severance 2021 Program Guidelines

  • Kentucky Coal & Mineral County Coalition

    Kentucky Coal & Mineral County Coalition There are currently 2 state funds of coal severance for Counties: 1) LGEAF: Local Government Economic Assistance Fund This appropriation flows through a formula, directly to the counties that produce coal, coal impact counties and cities for budget purposesThe East Kentucky Power Cooperative, the state’s secondlargest electric utility, once got the bulk of its coal from eastern Kentucky About a decade ago, however, it began to shift to other statesKentucky is buying other states’ coal instead of its ownBurning Coal on the University of Kentucky’sCampus: Health Impacts, Barriers to Change, and the Possibilities for Transitioning to Renewable Energy An action research project conducted by students in DrShannon Bell’s Public Sociology (SOC 350) class, Fall, 2011 Steve Barch, Victoria DeSimone, Island Devore, Mandy Hord,Burning Coal on the University of Kentucky’sCampus

  • Reevaluation of the Impact of Coal Mining on the

    The Impact of Coal on the Virginia State Budget in 2012, finding that the coal mining industry was responsible for a net cost of $219 million to the Commonwealth in 2009 (considering only the Virginia General Assembly’s General Fund and Transportation Fund revenues and expenditures)The worst example is mountaintop removal coal mining – which brings utter destruction of our land, the poisoning of our water, the loss of jobs and the theft of hope for future generations The mining and burning of coal drains millions of dollars from the state budget and billions of dollars from the people of KentuckyCoal and Water | Kentuckians For The CommonwealthKentucky Coal Fields Endowment Fund 60% of funds are distributed to each coal State Budget Appropriations ("Off the Tops") are deducted Remaining Coal Severance Tax Revenue $15,896,000 in FY 19 $7,500,000 in FY 20 per HB 200 Producer Counties Impact Counties 10% 10% of each county's allocation is 60% 30% 10% of each county's allocation isper HB 200 LGEDF Kentucky

  • Coal and Mineral Severance 2022 Program Guidelines

    The LGEDF serves as the repository for a portion of coal severance and processing tax receipts transferred from the general fund These taxes are collected and added to the LGEDF on a quarterly basis The state budget, enacted by the 2022 General Assembly for Fiscal Year 2022, provides for seventy percent (70%) of the coal severance taxKentucky Coal & Mineral County Coalition There are currently 2 state funds of coal severance for Counties: 1) LGEAF: Local Government Economic Assistance Fund This appropriation flows through a formula, directly to the counties that produce coal, coal impact counties and cities for budget purposesKentucky Coal & Mineral County CoalitionThe East Kentucky Power Cooperative, the state’s secondlargest electric utility, once got the bulk of its coal from eastern Kentucky About a decade ago, however, it began to shift to other statesKentucky is buying other states’ coal instead of its own

  • Burning Coal on the University of Kentucky’sCampus

    Burning Coal on the University of Kentucky’sCampus: Health Impacts, Barriers to Change, and the Possibilities for Transitioning to Renewable Energy An action research project conducted by students in DrShannon Bell’s Public Sociology (SOC 350) class, Fall, 2011 Steve Barch, Victoria DeSimone, Island Devore, Mandy Hord,The Kentucky coal industry brought $31 billion into Kentucky from outofstate during Fiscal Year 199697 through coal sales to customers in 29 other states and 15 foreign countries In Kentucky, it paid over $800 million in direct wages, directly employing over 19,000 persons and indirectly providing an additional 60,000 jobs10 reasons why coal is a good energy source:Kentucky split between coal past and clean energy future SolveClimate: Kentucky's bashing of the US Environmental Protection Agency and almost complete reliance on coal is overshadowing itsKentucky split between coal past and clean energy future

  • Local Economic Impacts of Coal Mining in the United

    The statelevel analysis for coal producing states does provide statistically significant evidence that an increase in decade cumulative coal production has a negative longterm impact on manufacturing employment in the state, but when put in terms of coal miners versus coal production, the impact is smaller in magnitude than the results at theState Budget Director Our goal is to help you access information about Kentucky's Budget Office and the associated documents developed as part of the budget management process This site contains both past and present Budgets of the Commonwealth, Executive Budget Recommendations and other budgetrelated materialKentucky Office of State Budget DirectorKentucky Coal Fields Endowment Fund 60% of funds are distributed to each coal State Budget Appropriations ("Off the Tops") are deducted Remaining Coal Severance Tax Revenue $15,896,000 in FY 19 $7,500,000 in FY 20 per HB 200 Producer Counties Impact Counties 10% 10% of each county's allocation is 60% 30% 10% of each county's allocation isper HB 200 LGEDF Kentucky

  • Kentucky Coal & Mineral County Coalition

    Kentucky Coal & Mineral County Coalition There are currently 2 state funds of coal severance for Counties: 1) LGEAF: Local Government Economic Assistance Fund This appropriation flows through a formula, directly to the counties that produce coal, coal impact counties and cities for budget purposesThe coal mining industry has sunk at least $22 million into state and federal Kentucky elections since 2012, according to data from the National Institute on Money in PoliticsKentucky’s Leaders Are Siding With the Coal Industry, and14 paid to the Kentucky Infrastructure Authority; and 15 (c) An annual appropriation of one hundred percent (100%) of the debt service 16 necessary to support bonds authorized in 2003 Ky Acts ch 156, 2005 Ky 17 Acts ch 173, 2006 Ky Acts ch 252, 2008 Ky Acts ch 127, and 2010 (1st 18 Extra Sess) Ky Acts ch 11 AN ACT relating to the distribution of coal Kentucky

  • Kentucky is buying other states’ coal instead of its own

    The East Kentucky Power Cooperative, the state’s secondlargest electric utility, once got the bulk of its coal from eastern Kentucky About a decade ago, however, it began to shift to other statesKentucky split between coal past and clean energy future SolveClimate: Kentucky's bashing of the US Environmental Protection Agency and almost complete reliance on coal is overshadowing itsKentucky split between coal past and clean energy futureAs a result, Kentucky's Eastern Coal Field outproduced the Western Field yearly until the Civil War when railroads began a steady advance into the western part of the state Kentucky, as many states in the Appalachian region, experienced phenomenal development of its coal reserves after the turn of the twentieth centuryKentucky Coal Heritage HISTORIC CONTEXT

  • Local Economic Impacts of Coal Mining in the United

    The statelevel analysis for coal producing states does provide statistically significant evidence that an increase in decade cumulative coal production has a negative longterm impact on manufacturing employment in the state, but when put in terms of coal miners versus coal production, the impact is smaller in magnitude than the results at theState Budget Director Our goal is to help you access information about Kentucky's Budget Office and the associated documents developed as part of the budget management process This site contains both past and present Budgets of the Commonwealth, Executive Budget Recommendations and other budgetrelated materialKentucky Office of State Budget DirectorState budget offices are not set up to estimate the net budget impact of a single policy, such as the Medicaid expansion Additional findings of the expansion’s impact on Kentucky publishedThe Effects of the Medicaid Expansion on State Budgets: