Posts > Tax Cuts, Low-balled Estimates and Volatile Revenues: Inside West Virginia’s $1.8 Billion Budget Surplus
June 30, 2023

Tax Cuts, Low-balled Estimates and Volatile Revenues: Inside West Virginia’s $1.8 Billion Budget Surplus

Mountain State Spotlight, Beckley Register-Herald, My Buckhannon – As he sat in a car, speaking to a camera shortly after gallbladder surgery, West Virginia Gov. Jim Justice wanted to make it clear that the past few days have been tough. But there was one thing that was keeping him in good spirits: an official $1.8 billion budget surplus.

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“We’ve shattered all kinds of records for a surplus beyond belief in West Virginia,” Justice said on Friday as the fiscal year ended. “$1.85 billion, it’s just mind boggling.” 

Alongside tax cuts passed earlier this year, Justice has argued that the state surplus is proof of his strong fiscal management skills. And as he mounts a campaign for the U.S. Senate, supporters like Sen. Lindsey Graham, R-S.C., argue that Justice is a candidate who “will protect your guns and he’s good with your wallet.” 

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