Tax Collections

State Revenue Collections Finish Ahead Of Estimates

The state of West Virginia has finished the fiscal year ahead of projections for revenue.

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State Revenue Comes In $100M Over Estimates

West Virginia’s tax collections were $100 million over estimates for the first three months of the fiscal year.

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July Revenue Up, But Severance Taxes Off Considerably

July is often one of the slowest months for revenue collection, according to a press release from Gov. Jim Justice’s office, but general revenue collections were almost $8 million higher than expected. Total collections were $335 million.

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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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