On February 13, 2014, Governor Tomblin released his FY 2014 budget, setting the state’s priorities for the coming year. While West Virginia avoided the major budget problems that plagued many other states during the recession and its aftermath, recent events have finally caught up to the state’s budget, and many programs and agencies will see large cuts in FY 2014. After avoiding budget cuts for several years, Governor Tomblin called on state agencies to cut spending by more than $75 million in the FY 2014 base budget. Read PDF of report.
Governor Tomblin’s state budget proposal totals $11.28 billion, a $202.2 million decrease from last year’s enrolled budget. Appropriations from state resources total $7.2 billion, down $150.2 million from last year, while appropriations from federal resources total $4.1 billion, a $51.8 million decrease.
This brief provides an overview of base budget changes, as well as important budget trends and future budget challenges. It also highlights opportunities for creating a stronger and healthier budget that can provide the investments that will create prosperity.
We have a great newsletter, join below: