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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 18, 2002
Page
5
Charleston AP reports the West Virginia workers' compensation deficit rose to over 2.44 billion dollars with a 180 million cash shortfall in day-to-day operations for the year ending June. Officials cite insufficient cost cuts, added unfunded liabilities, and low investment income as key pressures.
Health care costs and investment losses could push the next year budget past 3 billion, the first for West Virginia, officials said Tuesday. Education Secretary Greg Burton said the range is 2.93 to 3.1 billion with the education budget at 1.51 billion after the school aid formula. The education budget is 1.52 billion this year.
Virginia Governor Mark R. Warner proposed moving hundreds of patients from five state mental hospital wings to community based care over 18 months. The plan would save about 22 million dollars by funding city and county programs while keeping institutions open.
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