Editorial: Legislature ought to again Northam’s coal tax credit score modification

One sponsor — state Sen. Jeremy McPike, D-Prince William — no less than was concerned in a finances modification that units apart $500,000 to the coal counties for broadband web with the casual understanding that will probably be used for satellite-based web.

However, the opposite sponsor, Del. Sally Hudson, D-Charlottesville, proposed nothing past a examine, and we have been simply as pointed in noting how tone-deaf that was. Here she represents a district the place the median family revenue in Albemarle County is $75,394 however she proposes laws that will undermine jobs paying $59,940 (the annual imply wage of mining roof bolters) in counties the place the median family revenue is as little as $29,226. There are a number of phrases for this. One is “privilege.” Many of the others are usually not match to print in a household newspaper.

Now Northam has performed one thing we had hoped he would do however remains to be exceptional: He’s despatched the coal tax credit score invoice again to the legislature with an modification that declares it to be the state’s “intent” to direct the financial savings from the abolished tax credit score to UVa-Wise “for the expansion of course offerings in data science, computer science, cybersecurity, and renewable energy.”

This isn’t fairly what Northam proposed throughout his marketing campaign (he proposed Ph.D. applications and $15 million then), but it surely fulfills the spirit of that pledge. This additionally wouldn’t be an insubstantial amount of cash. The projections are for $300,000 a 12 months in fiscal years 2023, 2024 and 2025, then rising to $6.5 million a 12 months in fiscal 12 months 2026.


Please enter your comment!
Please enter your name here