Report: Coal industry costs Virginians millions
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The coal industry and coal-related activities cost Virginia $22 million more than was paid by these businesses in taxes, fees and other revenue to state coffers in fiscal year 2009, according to a report released Wednesday that is the first analysis of the full financial impact of the coal industry on the Commonwealth. Given the nature and extent of the costs associated with coal, and the relatively small amount of taxes collected from coal companies, it can be expected that the industry imposes a net cost on Virginia taxpayers in most years.
