12:30pm

Mon August 1, 2011
Business and the Economy

Refunds go to 31 KY Coal Counties

A healthy year for coal companies is an economic boon for many Kentucky counties.  Higher than expected mining permit and acreage fees this year means nearly three dozen counties will share more than 612-thousand dollars in state refunds. Breathitt County gets almost 47-thousand. Judge Executive Jason Richardson already has plans for the money.

“We’re going to be using it for county road equipment and for repairs to existing equipment that we’ve had some pretty hard breakdowns on and stuff so as soon as we get that we’ll get some of our equipment ready and running,” said Richardson.    

Breathitt County gets about 1-point-2 million dollars a year in coal severance tax money. 31 Kentucky coal-producing counties received refund money ranging from 50 dollars in Laurel County to nearly 100-thousand dollars in Pike County.