CHARLESTON, W.Va. (AP) — Most West Virginia agencies must cut spending by 7.5 percent for the 2013-2014 budget year, to avoid a deficit threat blamed on rising Medicaid costs, the sluggish national economy and slumping coal production, Gov. Earl Ray Tomblin announced Monday.
Several agencies and programs are exempt from the cuts including Medicaid, state funding for public schools and prisons, Revenue Secretary Charles Lorensen has told agency chiefs in a memo.
"Simply stated, anticipated revenues are not expected to keep pace with costs for current programs," Lorensen's memo said.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
