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Two months into fiscal year 2025, the state is reducing its revenue estimates.
Continue Reading Take Me to More NewsWest Virginia took in more than $335 million last month, narrowly exceeding state estimates. The state also collected slightly more money last month than it did the July prior.
Continue Reading Take Me to More NewsGov. 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.
Continue Reading Take Me to More NewsAn excise tax on sugary drinks meant to discourage consumers from drinking so many of them has been lifted in West Virginia.
Continue Reading Take Me to More NewsWest Virginia’s state revenue for February 2024 fell $30.62 million below official estimates — nearly 10 percent lower than anticipated. Despite this, the state revenue remains above projections for the current fiscal year as a whole.
Continue Reading Take Me to More NewsSean O’Leary, senior policy analyst for the West Virginia Center on Budget and Policy, said the state could find itself with a shortfall instead of a surplus in the coming years. He spoke with energy and environment reporter Curtis Tate about the volatility of the severance tax.
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