Tax Revenue

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West Virginia Gov. Jim Justice says state tax collections in August were $33.4 million above estimates.

Justice says collections of $352.3 million last month were about 15 percent above those from August 2017.

(left to right) Jerry Gilbert, Pres. of Marshall; Gordon Gee, Pres. of WVU; Kendra Boggess, Pres. of Concord; Michael Farrell, Commissioner with the WV Higher Education Policy Commission; and Gov. Jim Justice. During a press conference on July 2, 2018.
WV Governor's Office

West Virginia ended its 2018 fiscal year with a budget surplus of almost $30 million, according to Governor Jim Justice. Next, the governor said he’ll look to improving the state’s higher education system.

The governor said Monday in a press conference, 2012 was the last time West Virginia ended a year with a surplus without mid-year cuts.

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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.

Elementary Classroom
Douglaspperkins / Wikimedia Commons

The schools superintendent in coal-focused Boone County suggests cutting about 77 positions due to falling tax revenue and declining enrollment.

The Charleston Gazette-Mail reports that Superintendent John Hudson said the school board will vote on the issue before March 1.

Kanawha County
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Officials say West Virginia's most populated county faces a $600,000 deficit in part because it's bringing in less personal property tax revenue.

Kanawha County Commission President Kent Carper tells the Charleston Gazette-Mail that the deficit likely won't impact residents just yet. He says the commission will work to cut its budget and put a hold on raises for employees.

Fayette County Courthouse
A.E. Crane, National Scenic Byways Online

Fayette County officials say they're facing a $450,000 budget shortfall next year as tax revenues decline.

The Register-Herald reports the decline in revenue is linked to a drop in coal value, industrial personal property value and business personal property value.

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  West Virginia's revenue collections improved in August as several taxes beat estimates.

State figures released Wednesday show revenue collections topped $292 million in August. That's up more than $16 million compared to August 2013.

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Marshall County's slice of the state oil and gas severance tax is growing.

County Administrator Betsy Frohnapfel tells The Intelligencer and Wheeling News-Register that the county's severance tax revenue increased from $71,161 in fiscal 2011 to $429,810 in fiscal 2013.

Ashton Marra / West Virginia Public Broadcasting

The House of Delegates and Senate are at odds on how best to balance West Virginia's budget.
 
Senate propositions to raise sales and cigarette taxes were dismissed by the House in a closed meeting Thursday.
 

flipchip / LasVegasVegas.com

As competition increases from Ohio, Pennsylvania and Maryland, West Virginia casinos are losing customers.
 
     And the lost revenue is poking a hole in the state's tax base and budget.