Mark Muchow

Gov. Jim Justice during the State of the State Address in January 2018.
Perry Bennett / West Virginia Legislative Photography

Gov. Jim Justice and his revenue staff say West Virginia is heading toward a budget surplus as the state nears the end of the 2018 fiscal year.

The governor and his revenue staff announced May’s revenue collections were more than $20 million above estimates. The entire month saw nearly $330 million in total revenue collection.

Flickr / davidwilson1949

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.

Flickr / davidwilson1949

For the first time this fiscal year, state tax collections in West Virginia have exceeded monthly projections.
 
     Deputy Revenue Secretary Mark Muchow tells media outlets that despite the surplus of $8.4 million in January, collections through the first seven months of the fiscal year are $73 million less than anticipated.
 

Flickr / davidwilson1949

West Virginia's tax revenue slide is continuing as October's collections fell about $8 million below estimates.
 
     Deputy revenue secretary Mark Muchow tells media outlets that collections of personal income, consumer sales and business and occupation taxes were all below estimates.
 
     Personal income and consumer sales taxes are the state's biggest sources of tax revenue.
 
     Natural gas production boosted severance tax collections above estimates. But Muchow says it wasn't enough to offset the declines.