West Virginia MetroNews – Officials considering Gov. Jim Justice’s proposed $5.22 billion general revenue budget will also need to take into account a few variables. Those could have such weight that officials are projecting state revenue will dip slightly over the next several years.
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One factor is the possibility that West Virginia could hit a trigger to further reduce personal income taxes. The state instituted a 21.25% cut this year in a package that included further automatic reductions under certain economic conditions. The first trigger could occur this year, and officials are already assessing what size that cut could be.
Additional factors are quirks of tax collection that could be affected by the calendar.
