Voters Reject Plan to Sell $5.5 Billion in Bonds
From Times Wire Reports
Voters narrowly rejected Gov. Joe Manchin’s attempt to repair West Virginia’s ailing retirement system by selling as much as $5.5 billion in bonds.
With most of the state’s precincts reporting, 53% of voters had rejected the pension bond measure.
The state constitution required an amendment for Manchin’s plan to devote bond proceeds to the state’s pension plans -- including its teachers pension, one of the worst-funded in the country.
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