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Hopkins County Project Expecting Less Coal Severance Tax Funds

By: Chris Veech

Updated: December 24, 2012

Hopkins County is bracing for a slowdown in coal production over the next 18 months and expecting to drop projects that are dependent on those funds. State officials are reporting a 26 percent drop in coal severance tax funds for the 2012-20-13 fiscal year, which began July 1. That could leave the county with $1 million less than the $4.5 million officials projected from 2012 to 2014. Projects will be funded according to their rank on a priority list as severance tax funds become available.

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