The State Journal – So far this fiscal year, personal income tax collections in West Virginia have fallen almost $30 million short of projections. Corporate income tax revenue is more than $14 million below estimates, and state sales tax collections are running more than $35 million below what state tax officials predicted. Read.
But West Virginia has company in its budget misery. Weakening sales and income taxes are a problem nationwide, according to The Nelson A. Rockefeller Institute of Government, a policy research arm of the State University of New York that keeps track of state fiscal conditions, tax policies and spending trends.
