Making supplemental appropriation to Department of Economic Development, Office of Secretary
Impact
The passage of SB744 could significantly affect state economic policies by increasing funding for critical projects and initiatives within West Virginia. This funding is aimed at fostering local economic growth, enhancing statewide partnerships, and providing resources for educational initiatives such as the National Youth Science Camp. By reaffirming financial support for the Department of Economic Development, the bill attempts to address ongoing economic challenges and pursue new growth opportunities, potentially reversing trends of economic stagnation in certain areas.
Summary
Senate Bill 744 aims to make a supplementary appropriation to the Department of Economic Development for the fiscal year 2023, utilizing an unappropriated surplus in the State Fund, General Revenue. The bill outlines specific appropriations for various programs, including $1,250,000 for Local Economic Development Partnerships and significant amounts earmarked for grants and partnerships within the state. This is part of a broader budgetary strategy to utilize existing surplus funds for developmental purposes and support local economies.
Sentiment
Discussion around SB744 has generally been positive, reflecting a collaborative sentiment aimed at enhancing economic development initiatives. Lawmakers have expressed support for utilizing surplus funds effectively to address immediate economic needs. However, some concerns arose regarding the allocation process and the sufficiency of funds in meeting the broader needs of the state, indicating a desire for ongoing scrutiny of both budget adequacy and the effectiveness of funded programs.
Contention
While the bill itself does not elicit major opposition, debates highlighted the allocation priorities. There are discussions about ensuring transparency and accountability in how the additional funds are distributed and used, particularly regarding rural versus urban allocation, which may create a difference in sentiment between various regional representatives. Overall, the focus has remained on maximizing local development opportunities with available state resources.
Supplementing and amending Chapter 11, Acts of the Legislature, Regular Session, 2023, known as the budget bill, to the Department of Economic Development – Office of the Secretary
To provide appropriations from the General Fund for the expenses of the Executive, Legislative and Judicial Departments of the Commonwealth, the public debt and the public schools for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide appropriations from special funds and accounts to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; to provide for the appropriation of Federal funds to the Executive and Judicial Departments for the fiscal year July 1, 2023, to June 30, 2024, and for the payment of bills remaining unpaid at the close of the fiscal year ending June 30, 2023; and to provide for the additional appropriation of Federal and State funds to the Executive and Legislative Departments for the fiscal year July 1, 2022, to June 30, 2023, and for the payment of bills incurred and remaining unpaid at the close of the fiscal year ending June 30, 2022.