Tax and Budget

January 26, 2022 by Sean O'Leary
Low Revenue Estimates Are Not a Reason to Pursue Tax Cuts

Earlier this month, Governor Justice released his FY 2023 budget proposal. Once again, the governor is proposing a relatively "flat" budget with few changes from the previous year. However, like with the FY 2022 budget, low revenue estimates and a lack of a six-year plan are complicating the budget picture, preventing investments in the state's…

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January 26, 2022 by Sean O'Leary
W.Va. Governor Proposes Flat Budget, Some Seek More Investment in State

Farm and Dairy - West Virginia Gov. Jim Justice recently announced a proposed state budget for fiscal year 2023. Read the full article. The overall budget is essentially flat, staying consistent in investments in food, agriculture, natural resources and infrastructure, with just a 1.4% increase from last year’s budget to just over $4.6 billion. Most of that…

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January 22, 2022 by WVCBP
Annual Breakfast Gives W.Va. Lawmakers Chance to Analyze Governor’s Budget

WCHS TV - The West Virginia Center on Budget and Policy hosted its annual Budget Breakfast on Friday. Watch the full segment. It marks the ninth time the breakfast has been held. Organizers conduct the event during the legislative session each year. The event provides a chance for lawmakers to analyze the governor's proposed budget…

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January 21, 2022 by Sean O'Leary
2022 Budget Breakfast – Budget Analysis

At our 2022 Budget Breakfast on January 21, WVCBP senior policy analyst Sean O’Leary provided analysis of the Governor’s proposed budget for Fiscal Year 2023. You can download Sean’s budget analysis PowerPoint presentation here. You can watch the full Budget Breakfast recording here.

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January 21, 2022 by Kelly Allen
Sales Tax Cut Could Spend Revenue WV Doesn’t Have

Charleston Gazette-Mail - West Virginia is one of many states set to use revenue surpluses brought by federal relief money for tax cuts. Read the full article. After lawmakers last week near-unanimously approved $350 million in subsidies for the Mason County Nucor steel recycling plant project and further capital improvements, Democrats on Tuesday announced that…

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January 21, 2022 by Sean O'Leary
W.Va. Economists Talk Jobs, Workforce Participation And Nucor

West Virginia Public Broadcasting - This week on The Legislature Today, West Virginians weigh in on a controversial piece of legislation. As health reporter June Leffler reports, pro-life and pro-choice residents spoke on two abortion bills at a public hearing Monday in front of state lawmakers. Listen to the full segment. Also, in this show, energy…

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January 19, 2022 by WVCBP
Child Tax Credit: What Parents Need to Know to Get the Rest of the Payment in 2022

Good Morning America, ABC News - For millions of parents across the country, the New Year has started off without a monthly deposit from the child tax credit expansion, a deposit of several hundred dollars that parents had relied on since July, when the expansion went into effect. Read the full article. "That was the only income…

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January 19, 2022 by WVCBP
WVCBP’s 9th Annual Budget Breakfast to Take Place this Friday, January 21

Media Advisory: January 19, 2022Contact: Renee Alves, 304-720-8682 Charleston, WV – As the 2022 legislative session gets underway, the West Virginia Center on Budget and Policy would like to invite you to join us at our 9th annual Budget Breakfast, taking place this Friday, January 21 at 8:00am EST. Each year, the WVCBP holds this event to provide…

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