Excess Coal Severance Money

Frankfort, KY — Kentucky Governor Matt Bevin has announced that more than $15 million in excess coal severance tax revenue will be allocated to 49 counties and 122 municipalities that qualify to receive funds from the Local Government Economic Assistance Fund (LGEAF) coal severance program. Enacted by the 2018 General Assembly, HB 200 (as amended by HB 265) directs that if actual coal severance tax revenue collected for the fiscal year exceeds the official estimate provided by the Office of the State Budget Director, 100 percent of the excess revenue shall be allocated to the LGEAF coal severance program. LGEA Funds can be used by local governments to address needs in the following priority categories: public safety, environmental protection, public transportation, health, recreation, libraries and educational facilities, social services, industrial and economic development and workforce training. Counties in the region receiving money: Floyd County$626,169.05Johnson County$246,479.68Lawrence County$238,531.16Letcher County$345,805.54Magoffin County$148,782.32Martin County$180,127.91 and Pike County$1,452,946.33.