Budget Surplus

State Finishes Fiscal Year With $175M Unappropriated Surplus

West Virginia finished the 2026 fiscal year with a total surplus of nearly $460 million dollars. As often happens at the end of the legislative session, money, is allocated to what is referred to as the “back of the budget." These are projects that will be paid for using any excess revenue for the year. After all those appropriations were addressed, the state still has approximately $175 million that has not been spoken for, according to a report from the West Virginia Department of Revenue.

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Income Taxes Cut 4 Percent, Justice Planning Special Session For Further Cuts

Gov. Jim Justice said Wednesday that personal income taxes in West Virginia will be reduced by 4 percent beginning in 2025. He said he will call a special session of the West Virginia Legislature this year to discuss further cuts.

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A Budget Surplus, A Coming Special Session And COVID-19 Cases Rise, This West Virginia Week

On this West Virginia Week, Gov. Jim Justice made multiple announcements during a Monday event. The governor said West Virginia residents could soon see their income taxes go down further because the state collected $826 million more in revenue than had been budgeted for this fiscal year.

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Trigger Law Could Cut Income Tax By Up To 4 Percent

A trigger policy in a 2023 law could cut income taxes by up to 4 percent based on the revenue collected by the state this fiscal year, according to Gov. Jim Justice.

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