AP, US News, Caledonian Record, Times West Virginian – West Virginia Gov. Jim Justice said Monday that state revenue collections appeared to hit a benchmark at the end of the fiscal year that could trigger an additional reduction in the state income tax, and he plans to call lawmakers back to address further cuts as well as a child care proposal that previously failed.
Read the full article.
Justice, who signed a 21.25% income tax reduction last year, said during a ceremony at the state Culture Center that West Virginia finished the 2024 fiscal year $826 million above estimates, which could mean an additional 3 to 4% income tax reduction starting next January after final tabulations are made.
But the collections, totaling $5.7 billion, were about $770 million lower than the fiscal year ending in June 2023.
