Coal Severance Tax Funds

Some of Kentucky’s poorest counties are using coal severance tax funds that were originally meant to bolster local economies to pay past debts, according to a published report.The Lexington Herald-Leader reports it analyzed how eight eastern Kentucky counties with high poverty levels spent $6.2 million in coal severance tax funds over the last two years, according to reports they submitted to the Kentucky Department for Local Government.

Source: MG News

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