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: