West Virginia News, Weirton Daily Times – West Virginia is sitting on hundreds of millions of dollars in excess tax revenue and federal COVID-19 relief dollars that lawmakers must consider what to do with. Members of the public are also weighing in on where that money should go.
Read the full article.
According to the state Department of Revenue, West Virginia has more than $526 million in excess tax revenue left over after ending Fiscal Year 2022 last June, with more than $1.3 billion in surplus tax collections in the general revenue fund, plus leftover surplus from lottery and excess lottery funds.
The state also is sitting on $678 million left over from the $1.35 billion West Virginia received from the $1.9 trillion American Rescue Plan Act (ARPA) passed by Congress in 2021. Gov. Jim Justice has had a bill introduced on his behalf, House Bill 2883, that would take that $678 million and divide it up.
