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Bob Wise on Budget & Economy
Former Democratic Governor; previously Representative (WV-2)
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Limit capital assistance find to new businesses
I ask for some important economic development legislation this year: the long-awaited reform of the West Virginia Capital Company Act. The Legislature created this act to stimulate new businesses. But many well-established companies,
that could have obtained funding in the traditional marketplace, have tapped this fund, and tapped West Virginia taxpayers. This has gone on too long. The bill before you will restrict this money to creating new jobs and new opportunities.
Source: 2001 State of the State Address to West Virginia Legislature
, Feb 14, 2001
The cupboard is bare, despite national economic growth
Ladies and gentleman, the cupboard is bare. Despite the 3% budget cut which I was forced to impose on the first day of my term, we are looking at a state budget with minimal growth for the next year. We’re paying the price for some reckless decisions
by state government. We have about $9 million in unpaid phone bills, some of them three years old. There have been massive overcommitments on highway projects that we must now fund. The contingency fund that we need to keep in reserve for emergencies has
been depleted-along with several other funds.
We are now at what appears to be the waning days of the longest period of economic growth in our nation’s recent history-and West Virginia has precious little to show for it. I am presenting
a budget that is in balance, a budget with no fat, no frills, and no nonsense. It is a budget that makes tough decisions. It is a budget that says the irresponsible practices that got us in this situation will not be tolerated again.
Source: 2001 State of the State Address to West Virginia Legislature
, Feb 14, 2001
Bankruptcy reform: limit Chapter 7; protect states' role.
Wise adopted the National Governors Association policy:
The Governors are particularly concerned that bankruptcy reform legislation address the following issues: - Prevent Chapter 7 Use by Those with the Ability to Pay: Present bankruptcy law does not prevent use of Chapter 7 by those with ability to repay, nor does it require that debtors use Chapter 13, which would require them to repay creditors what the debtor can afford. The Governors strongly support federal efforts to prevent debtors from using Chapter 7 when they are financially able to pay some or all of their unsecured debts.
- Encourage Payment of Domestic Support Obligations: Bankruptcy interferes significantly with states’ ability to assist citizens owed domestic support and to collect unpaid domestic support owed them. The Governors strongly encourage Congress to ensure that any federal bankruptcy reform requires that domestic support obligations have the highest possible repayment priority, that all domestic support obligations be nondischargeable,
and that commencement of bankruptcy not prevent the continued collection of child and other support obligations.
- Give State Claims Parity with Federal Claims in Bankruptcy: Today, bankruptcy rightly gives certain preferences in payment to federal claims against the bankruptcy estate, but similar treatment is not always accorded state claims. The Governors strongly support congressional efforts to reform the treatment of state claims in bankruptcy to provide parity of treatment with federal claims.
- Protect the State Role: The Governors oppose efforts to preempt state authority to determine exemptions under state bankruptcy law. Currently, debtors have a right to choose between federal and state exemptions. The Governors support efforts to shape bankruptcy reform policy that protects the rights of states to determine their own standards instead of having uniform federal regulations imposed without regard for individual state needs.
Source: NGA Economic Development Policy EDC-21: Bankruptcy Reform 01-NGA2 on Feb 15, 2001
Uphold commitments to states before other spending.
Wise adopted the National Governors Association position paper:
The Issue
The major budget issue will be over the surplus and how big of a surplus there will be. How much will be dedicated to paying down the national debt, how much to tax cuts, how much to increase defense spending, what to do about key discretionary spending programs, and whether and how to change key entitlement programs, such as Medicaid, Medicare, and Social Security? How these decisions are made could have significant impacts on the federal-state partnership, especially as they affect vital health and human services programs. What will happen to funding for priority state domestic discretionary programs for the federal fiscal year? When will Congress act? NGA’s Position
Before considering new spending initiatives or tax cuts, the federal government must first uphold its current commitments to the states.
Source: National Governors Association "Issues / Positions" 01-NGA8 on Sep 14, 2001
Protect local milk supplies with Southern Dairy Compact.
Wise signed the Southern Governors' Association resolution:
- Whereas, the states of Alabama, Arkansas, Georgia, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, Oklahoma, South Carolina, Tennessee, Virginia and West Virginia have all enacted the Southern Dairy Compact as state legislation; and,
- Whereas, these states adopted the Southern Dairy Compact in response to the hemorrhaging loss of the region’s milk supply, whereby every state must now import milk from outside the region to supply at least part of its beverage milk needs, with Alabama and South Carolina supplying less than half their fluid needs; and,
- Whereas, establishment of this form of interstate compact is the formal, constitutionally authorized means for a region to address interstate issues of common concern in the public interest; and,
- Whereas, these states each adopted the Southern Dairy Compact because the Compact strikes the appropriate balance among all the
interests involved in the regional dairy marketplace, including those of consumers, processors, retailers and farmers alike; and,
- Whereas, the Northeast Interstate Dairy Compact has operated successfully as a pilot project in the six New England states since 1996, stabilizing that region’s dairy industry in the manner anticipated for the south under the Southern Dairy Compact; and,
- Whereas, southern dairy farmers are experiencing particularly dislocating farm price swings and depressed overall pay prices which are expected to continue throughout 2000 and which will certainly result in an even greater loss of the region’s milk supply without response under the Southern Dairy Compact; now, therefore, be it
- Resolved, That the Southern Governors’ Association formally petitions Congress to approve the Southern Dairy Compact.
Source: Resolution of Southern Governor's Assn. on Milk Subsidies 01-SGA8 on Sep 9, 2001
Page last updated: Nov 21, 2011