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Coal Severance Fund

Kentucky Center for Economic Policy

 

 

 

coal severance fund for eastern kentucky

 

The sharp decline in Eastern Kentucky coal production and employment continues to have a significant impact on families and communities in the region, as well as on coal severance tax revenues. Many coal-producing counties rely on coal severance funds for their day-to-day operations, and for community and economic development projects. Economic forces make continued declines in eastern Kentucky coal likely. It is critical that the region develop a transition plan and set aside resources for investment in future economic development, including by creating a severance tax permanent endowment.

 

Read more about how a transition planning body and coal severance fund might look like:

The Appalachian Planning and Development Fund: Investing in the Economic Future of Eastern Kentucky

 

Promoting Long-Term Investment in Appalachian Kentucky: A Permanent Coal Severance Tax Fund

 

Read more about the urgency of the moment:

Sharp Decline in Coal Severance Tax Revenue Underscores Need for Economic Plan

Staggering Job Loss in Eastern Kentucky Coal Industry Intensifies Need for Economic Change

2012 Kentucky Coal Production Update from Kentucky Department of Energy Development and Independence (PDF)