Rainy Day Fund

Rainy Day Funding Formula Changed By Legislature

The West Virginia House of Delegates passed a Senate bill Monday that makes changes to how much money is set aside into the state’s rainy day funds. For the bill to become law, the Senate must concur with an amendment. 

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W.Va. Sets Record With Fiscal Year-End Surplus, Results Questioned

The release noted that at the close of the fiscal year, June 30, 2023, at midnight, total collections for the revenue year will come in at approximately $6.5 billion – 10 percent ahead of prior year adjusted collections – marking the first time in state history that final collections for a single year have exceeded $6 billion.

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