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Wyoming County ‘Hoping for the Best’ on Collecting $50 Million Due From 2 Bankrupt Coal Companies

first_imgWyoming County ‘Hoping for the Best’ on Collecting $50 Million Due From 2 Bankrupt Coal Companies FacebookTwitterLinkedInEmailPrint分享Mead Gruver for the Associated Press:Campbell County officials say they’re hoping for the best and preparing for the worst as almost $50 million in local taxes owed by two major coal companies that have filed for Chapter 11 bankruptcy comes due next week.Most of the amount due Tuesday is taxes based on the value of coal that Alpha Natural Resources and Arch Coal mined in 2014. The taxes aren’t considered overdue until May.Bristol, Va.-based Alpha Natural Resources filed for bankruptcy in August, followed by St. Louis-based Arch in January. The county has filed paperwork in case it has to go through bankruptcy court to collect $14.5 million from Alpha, deputy county attorney Carol Seeger said.“I just didn’t want to run the risk of being foreclosed,” Seeger said Wednesday.An Alpha spokesman declined to comment on the record Thursday. The time to file a court claim for the $34.4 million owed by Arch has not opened up yet, Seeger said.“As part of the ordinary course of business, we have paid and expect to continue to pay taxes as they come due,” Arch spokeswoman Logan Bonacorsi said by email Thursday.Almost half of the revenue goes to Campbell County government agencies and districts. Campbell County’s general budget this year, covering everything from the local community college campus to animal control, is about $170 million.“They haven’t contacted us other than their bankruptcy papers,” county Treasurer Becky Brazelton said of the coal companies. “We’re hopeful they’re going to pay, but we just won’t know until May.”Close to $27 million goes to the Campbell County School District, which sends the revenue to the state for even redistribution to school districts throughout Wyoming. The system will insulate Campbell County schools from any loss of local revenue, Associate Superintendent Kirby Eisenhauer said.A bigger concern for schools is state coal-leasing revenue that has ground to a halt. The money helped pay for a school construction boom across Wyoming, but several schools in Campbell County will need to be replaced in the years ahead, Eisenhauer said.Full article: Campbell County eyes taxes owed by Chapter 11 coal companieslast_img read more

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Virginia Fall Adventure Getaway Giveaway

first_imgFALL 2015 GIVEAWAY!ENTER TO WIN ONE OF TWO ADVENTURE GETAWAYS IN VIRGINIA AND BE AUTOMATICALLY ENTERED TO WIN A TREK 7.2 BIKE FROM BLUE RIDGE CYCLERY!MASSANUTTEN RESORT PACKAGE> Three days and two nights in a two-bedroom condo> Four indoor waterpark passes> Four zip and canopy tour tickets> $50 resort gift card $1,200 value!BLACKSBURG BREW DO PACKAGE> Two 20-tasting Brew Do tickets> A Friday night (Oct. 16) stay in the Blacksburg Hilton Garden Inn, with a welcome basket waiting in the room> Two tickets to the Friday night Brew Do Beer Dinner at Preston’s Restaurant at the Inn at Virginia TechThis contest is over.Rules and Regulations: Package must be redeemed within 1 year of winning date. Entries must be received by mail or through the www.blueridgeoutdoors.com contest sign-up page by 12:00 Midnight EST on September 31, 2015. One entry per person. One winner per household. Sweepstakes open only to legal residents of the 48 contiguous United States and the District of Columbia, who are 18 years of age or older. Void wherever prohibited by law. Families and employees of Blue Ridge Outdoors Magazine and participating sponsors are not eligible. No liability is assumed for lost, late, incomplete, inaccurate, non-delivered or misdirected mail, or misdirected e-mail, garbled, mistranscribed, faulty or incomplete telephone transmissions, for technical hardware or software failures of any kind, lost or unavailable network connection, or failed, incomplete or delayed computer transmission or any human error which may occur in the receipt of processing of the entries in this Sweepstakes. By entering the sweepstakes, entrants agree that Blue Ridge Outdoors Magazine and their promotional partners reserve the right to contact entrants multiple times with special information and offers. Blue Ridge Outdoors Magazine reserves the right, at their sole discretion, to disqualify any individual who tampers with the entry process and to cancel, terminate, modify or suspend the Sweepstakes. Winners agree that Blue Ridge Outdoors Magazine and participating sponsors, their subsidiaries, affiliates, agents and promotion agencies shall not be liable for injuries or losses of any kind resulting from acceptance of or use of prizes. No substitutions or redemption of cash, or transfer of prize permitted. Any taxes associated with winning any of the prizes detailed below will be paid by the winner. Winners agree to allow sponsors to use their name and pictures for purposes of promotion. Sponsors reserve the right to substitute a prize of equal or greater value. All Federal, State and local laws and regulations apply. Selection of winner will be chosen at random at the Blue Ridge Outdoors office on or before October 15, 6:00 PM EST 2015. Winners will be contacted by the information they provided in the contest sign-up field and have 7 days to claim their prize before another winner will be picked. Odds of winning will be determined by the total number of eligible entries received.last_img read more

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