It's nearly the end of summer, and if we had to guess, we'd bet that most people have been preoccupied with squeezing in a last few days at the beach, or with buying back-to-school clothes for their children. Too busy, in fact, to think about West Virginia's special election on Sept. 27.
If this is the first you've heard of it, that's okay. But if you choose to ignore it, know this: How much you pay in taxes will depend on an election that a little more than a month away.
The only question on the ballot will be whether the state can invest its funds in the stock market. If you think that's an obscure financial question that doesn't concern you, consider these facts:
- States that invest their employee pension funds in the stock market get an annual return of 13 percent. West Virginia, restricted by its constitution to the bond market, gets only 3 percent.