Using coal severance money for county debts: is it okay?
The use of coal severance tax funds in Pike County is the subject of some varying opinion by representatives. Pike District Six Magistrate Harris said he realizes Kentuckyâ€™s dismal financial outlook is not the fault of legislators in Frankfort. Harris said after he heard Sen. Ray Jones say coal severance funds could not be used to pay for debts incurred by the county, he researched the use of coal severance money to pay such debts. In the 2008 budget, Harris said, there is $300,000 budgeted directly to the City of Pikeville for debt Service for Bob Amos Park and another $350,000 budgeted directly to the City of Pikeville for debt service for Hambley Field.