With "the specter of higher taxes amid a recession" threatening to doom the measure, the House of Delegates found a new funding source for "a bid to aid both volunteer fire departments and police and fire pension programs," The Associated Press reports.
The bill passed to the Senate 90-6 Wednesday aims to help municipalities close funding gaps in those pension plans, while also providing volunteer firefighters with "length of service" benefits.
"When introduced, the bill proposed increasing one surcharge on fire and casualty insurance policies and adding another," AP reports. "As amended, the bill would divert $15 million annually from the tax on liquor sold through West Virginia's state-controlled warehouse."
MetroNews also covered the late Wednesday action.
26 March 2009
Booze Profits Rescue City Pension, VFD Measure
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Well, that would be a start. But Two Dollar (Do I hear Three?) is really looking forward to making up the shortfall faster with the Metro Government scam:
§7A-2-1(3) Make appropriations for the support of the consolidated local government and provide for the payment of all debts and expenses of the consolidated local government and the debts and expenses of the local governments of which it is the successor;
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