Friday, January 16, 2015

State’s working population down below 50 percent as legislative session begins



The state’s Secretary of Revenue says lawmakers cannot ignore the declining number of people in West Virginia who are actively working.
“It’s something that policymakers here in Charleston have to be concerned about because that dynamic is going to continue,” Bob Kiss said.
He was commenting on a Marketwatch report this week that noted the number of West Virginia adults with jobs — ages 16 and up — had fallen below 50 percent, to 49.8 percent in December compared with 62.7 percent nationally.
West Virginia is the only state to ever cross that mark in labor participation rate data from the U.S. Labor Department dating back to 1976.
One of the contributing factors, noted in the report, was the Mountain State’s aging population.
The news originally came on what was Day One of the 2015 Regular Legislative Session in Charleston, as Gov. Earl Ray Tomblin’s proposed budget for the 2015-2016 Fiscal Year was unveiled for lawmakers.
To be balanced, that $4.77 billion budget draws on roughly $70 million in targeted cuts along with $69 million from the Rainy Day Fund. The proposed targeted cuts follow two years of 7.5 percent across the board cuts.
New Republican leaders in the state Senate and state House of Delegates are currently conducting agency reviews to identify possible areas of waste in government spending.
Kiss said he does not think the amount of money needed to balance the budget without tapping into the Rainy Day Fund can be found by trying to root out waste, fraud and abuse.
“Certainly, I’d be willing to be shown otherwise,” he said. “But I’ve been here working with the budget since 1989 and if somebody was asking me — ‘Can I find tens of millions of dollars in fraud and abuse that could be redirected tomorrow?’ The answer’s no or even — ‘Can I find it?’ No.”
Kiss detailed how West Virginia compares to other states financially for members of the Senate Finance Committee on Thursday.

The 2015 Regular Legislative Session continues through March 14.