Taxes

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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State Gas Tax Expected To Rise

Gas prices are expected to go up during the period when state regulators set the tax rate.

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State Budget Talk And Setting Up A Medical Savings Account, This West Virginia Morning

With a final budget now approved by both the House and Senate and headed to Gov. Patrick Morrisey for a signature, West Virginia budget watchers say there are looming expenses that haven’t been taken into consideration. Also, more Americans than ever have access to a kind of savings account that lets them set aside pre-tax money for medical expenses. But this option takes a little effort to set up and navigate.

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