W.Va. Officials Say State Faces Deficit of $80 Million
State officials say West Virginia could end the fiscal year $60 million to $80 million in the red.
February revenue collections were about $5.4 million below estimates for the month. That increased the total shortfall for the fiscal year to more than $47 million.
The fiscal year ends July 1.
Deputy Revenue Secretary Mark Muchow tells media outlets that revenue collections for the remainder of the fiscal year would have to be at least 9.7 percent higher than last year's revenue collections. He says that's unlikely.