CHARLESTON, W.Va. — There are several ways Gov. Earl Ray Tomblin proposes to balance next fiscal year’s budget. Some of those include shifting money to and from state agencies.

State Deputy Revenue Secretary Mark Muchow told members of the Senate Finance Committee Thursday the governor’s budget proposes suspending for one year the annual $11.5 million allocation from the general revenue fund to the state Road Fund and reducing the annual $8 million in sales tax revenue which goes to the state School Building Authority.

Other shifts include approximately $500,000 from the Infrastructure Development Fund and $4.3 million from the Public Port Authority. Bills will be introduced by the governor to reflect the proposed changes.

The governor’s budget for a second straight year takes money from the Rainy Day fund. State Budget Director Mike McKown told members of the House Finance Committee Thursday he believes bond rating agencies would have more concern if money is taken from the Rainy Day fund again for the 2017 fiscal year budget.

“We used $100 million last year and we’re using $68 million this year. They (rating agencies) see that as relying on that to balance your budget and they know that means you’re not structurally balanced,” McKown said.

The state now has the second highest bond rating because the Rainy Day fund is still at approximately $800 million dollars and it annually addresses its pension debts. McKown said the lack of diversity in the state’s economy is probably the only thing keeping it from a higher bond rating.

“Our economy’s not big enough. We’re just a small state,” he said. “To get to AAA (rating) we would have to have a much more diverse economy than we have today.”