Mountain Association for Community Economic Development http://wkms.org en Report Urges Policymakers to Consider Long-Term Sustainability of Coal Severance Fund http://wkms.org/post/report-urges-policymakers-consider-long-term-sustainability-coal-severance-fund <p>State lawmakers are considering a bill that would designate some coal severance tax money to scholarships for coalfields residents; the measure has already passed the House. But a report by a non-profit group warns that Kentucky needs to think about the long-term future of the state&rsquo;s coal severance fund. Coal producers pay a tax of four and a half percent value of coal that&rsquo;s sold into the state&rsquo;s coal severance fund. Half of that money goes to Kentucky&rsquo;s general fund, and the other half goes to various programs in coal-producing counties. Wed, 14 Mar 2012 19:56:23 +0000 Erica Peterson (KPR) 17255 at http://wkms.org