Supplementary appropriation to Department of Economic Development
Impact
If enacted, SB 180 will enhance the Department of Economic Development's capacity to support local economic initiatives, including community partnerships and educational institutions. For instance, the bill designates funds for the National Youth Science Camp, community colleges, and grants for economic development corporations, which could lead to improved local economic conditions and job creation. Returns on this investment can be anticipated through various channels, including workforce training and enhanced local business support.
Summary
Senate Bill 180, introduced by Senator Takubo, aims to make a supplementary appropriation to the Department of Economic Development in West Virginia. The bill outlines allocations from the unappropriated surplus balance in the State Fund General Revenue for the fiscal year 2024. Key appropriations include funding for local economic development partnerships, workforce grants, and various educational programs, indicating a focus on bolstering economic initiatives within the state. The total funds earmarked amount to $57,765,437, with specific dollar amounts detailed for various projects and institutions.
Sentiment
Discussions surrounding SB 180 are largely positive, with many lawmakers and economic stakeholders viewing the bill as a crucial step towards revitalizing economic growth in West Virginia. Supporters emphasize the need for increased investment in education and local programs to ensure long-term sustainability and growth. However, some community members may express concerns about the effective distribution and oversight of the funds, seeking guarantees that the appropriated money will directly benefit local economies.
Contention
Notable points of contention regarding SB 180 could emerge during debates over appropriation amounts and the specific allocation to various programs. Critics may question whether such a large supplemental appropriation is necessary and effective in addressing the state's economic challenges. Additionally, there may be discussions around transparency in how funding is awarded and the criteria used to support economic development projects, especially relating to ensuring equal opportunities for smaller or less established entities.
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.