West Virginia

West Virginia Gov. Jim Justice likened the fiscal 2018 budget passed by the legislature to a “death certificate,” as he vetoed the spending plan.

Bluefield city board members approved bonds Tuesday to help maintain and improve the city's sewer system and discussed new ways to connect with the public, but first the city took time to honor two people who have served the community.

The West Virginia House adopted a resolution that would authorize $1.6 billion in bonds, which is the cornerstone of Gov. Jim Justice's road program.

In the hunt for new revenue, two Southeast governors made proposals that could signal the revival of a taxing mechanism that was widespread in the pre-World War II era.

Saying lawmakers have failed to offer alternatives to address West Virginia’s $500 million budget gap, Gov. Jim Justice revised his fiscal 2018 budget to propose new taxes on sugary sodas, cigarettes, and wealthy state residents.

Saying he is responding to a recent rating downgrade by Moody's Investors Service, West Virginia Gov. Jim Justice is seeking legislation that would allow him to furlough state employees to reduce spending.

West Virginia Gov. Jim Justice said state officials failed to address budget problems that would have staved off a downgrade of the state’s GO bond rating to Aa2 by Moody's Investors Service.

West Virginia Gov. Jim Justice wants a higher gasoline tax to support up to $2.8 billion of road bonds.

West Virginia has been downgraded for the second time in four months amid the ongoing decline in the coal industry that underpins the state’s economy, as Fitch Ratings lowered the state’s GOs to AA from AA-plus.

West Virginia will lose $85 million of revenues per year if tolls are removed from state’s turnpike in 2019.

West Virginia’s attorney general has reached settlements totaling $1.28 million with four firms in a lawsuit that alleged they engaged in bid rigging and price fixing for municipal investments, the latest action in federal and state investigations of bid rigging in the muni market that stretch back more than ten years.

Southeast issuers sold $37.63 billion of municipal bonds in the first half of 2016, a decline of 10.9% from the same period last year, even as new money deals increased.

West Virginia has passed a law giving the governor the power to pay debt service if a budget has not been enacted on time.

Hoping to avoid a state government shutdown July 1, the GOP-led West Virginia Legislature approved a new 2017 budget Tuesday that Gov. Earl Ray Tomblin is expected to sign.

West Virginia is closer to a state government shutdown after Gov. Earl Ray Tomblin vetoed the fiscal 2017 state budget, saying the spending plan lawmakers approved unwisely draws on the state reserves and threatens its bond ratings.

West Virginia lawmakers sent Gov. Earl Ray Tomblin a budget for fiscal 2017 that relies on reserves, cuts and one-time measures that the governor had already threatened to reject.

Gov. Earl Ray Tomblin has called West Virginia lawmakers back to Charleston on Monday to finish the fiscal 2017 budget, after failing to reach a consensus during the regular session.

West Virginia took a one-notch Standard & Poor’s downgrade, stemming largely from sharply reduced demand for coal products. Its GO bond rating is now AA-minus.

West Virginia’s legislators ended their session unable to reach a compromise on a fiscal 2017 budget, as revenue estimates tumbled even lower than anticipated.

In the Southeast, pent-up need for capital and low interest rates translated into a five-year high for bond issuance in 2015.