Dave Hardy

Capitol
Kristi George / West Virginia Public Broadcasting

For the first time in five years, West Virginia revenue collections are reported to be above estimates at the fiscal year halfway mark.

State revenue officials say West Virginia’s overall cumulative collections in the General Revenue Fund are over $100 million ahead of where the state was this time last year. And the state is above estimates at the fiscal year halfway mark for the first time since December 2012.

Ashton Marra / West Virginia Public Broadcasting

West Virginia is on track to meet its budget estimates for this fiscal year.

In a press call with reporters, Revenue Secretary Dave Hardy said the state’s General Revenue Fund is 4.5 percent ahead of where it was this time last year – and overall budget estimates for this fiscal year are, so far, on target.

Money, Cash
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West Virginia tax officials say collections of nearly $949 million so far this fiscal year are 3.7 percent or almost $34 million higher than the same period last year.

Treasury Secretary Dave Hardy says revenues from September alone were up 3.5 percent mainly due to increases in corporate net income tax as well as severance tax receipts from coal mining and natural gas drilling.

Money, Cash
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West Virginia tax officials say collections of nearly $560 million so far this fiscal year are 3.9 percent higher than last year, though August receipts of almost $307 million were lower than budget estimates.

Treasury Secretary Dave Hardy says the boost in collections is good news for the state two months into its new year.

West Virginia Governor's Office

State revenue officials have released new income projections for the 2018 fiscal year, but are basing those numbers largely on legislation that has yet to be approved by lawmakers during a special session.

Revenue Secretary Dave Hardy released the updated projections for the 2018 fiscal year Tuesday, increasing previous estimates by nearly $170 million.

Capitol
Kristi George / West Virginia Public Broadcasting

In a press call Monday, officials from the state Department of Revenue said February marks the first time this fiscal year that the state’s brought in more money than estimated.

February’s tax collections exceeded estimates for the month, but total revenue collections are still lower than those of last year.

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State revenue figures show West Virginia's tax collections for February exceeded estimates by $10 million but still leave the government's estimated shortfall for the fiscal year at $123 million.

Revenue Secretary Dave Hardy notes the Justice administration has identified unspent funds to use and avoid tapping the state's rainy day fund.

Flickr / davidwilson1949

In a conference call with the press on Friday, Department of Revenue Cabinet Secretary Dave Hardy said West Virginia revenue collections for the month of January came in about $18M short of state estimates. 

Kristi George / West Virginia Public Broadcasting

Gov.-elect Jim Justice says a Charleston attorney, accountant and Kanawha County commissioner will be his administration's secretary of the Department of Revenue.

Dave Hardy, whose law practice focuses on energy and mining law, also teaches public budgeting at West Virginia State University.