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Bob Wise on Budget & Economy

Former Democratic Governor; previously Representative (WV-2)


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.

Weíre 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 nationís 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:
  1. 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.
  2. Encourage Payment of Domestic Support Obligations: Bankruptcy interferes significantly with statesí 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.
  3. 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.
  4. 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?

NGAís 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:

Source: Resolution of Southern Governor's Assn. on Milk Subsidies 01-SGA8 on Sep 9, 2001

Other governors on Budget & Economy: Bob Wise on other issues:
WV Gubernatorial:
Earl Ray Tomblin
WV Senatorial:
Joe Manchin III
John Rockefeller

Newly seated 2010:
NJ Chris Christie
VA Bob McDonnell

Term-limited as of Jan. 2011:
AL Bob Riley
CA Arnold Schwarzenegger
GA Sonny Perdue
HI Linda Lingle
ME John Baldacci
MI Jennifer Granholm
NM Bill Richardson
OK Brad Henry
OR Ted Kulongoski
PA Ed Rendell
RI Donald Carcieri
SC Mark Sanford
SD Mike Rounds
TN Phil Bredesen
WY Dave Freudenthal
Newly Elected Nov. 2010:
AL: Robert Bentley (R)
CA: Jerry Brown (D)
CO: John Hickenlooper (D)
CT: Dan Malloy (D)
FL: Rick Scott (R)
GA: Nathan Deal (R)
HI: Neil Abercrombie (D)
IA: Terry Branstad (R)
KS: Sam Brownback (R)
ME: Paul LePage (R)
MI: Rick Snyder (R)
MN: Mark Dayton (D)
ND: Jack Dalrymple (R)
NM: Susana Martinez (R)
NV: Brian Sandoval (R)
NY: Andrew Cuomo (D)
OH: John Kasich (R)
OK: Mary Fallin (R)
PA: Tom Corbett (R)
RI: Lincoln Chafee (I)
SC: Nikki Haley (R)
SD: Dennis Daugaard (R)
TN: Bill Haslam (R)
VT: Peter Shumlin (D)
WI: Scott Walker (R)
WY: Matt Mead (R)
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Page last updated: Nov 21, 2011