Huntington Herald-Dispatch - In touting an anticipated additional incremental reduction in state personal income tax rates, Gov. Jim Justice and other tax cut advocates are engaging in an amusing bit of hypocrisy. Read the full article. Under the 2023 law that initially cut income tax rates by 21.25%, there’s a rather complicated formula for calculating…
Tax and Budget
Much of the hype around personal income tax cuts has centered on West Virginia’s competitiveness to attract people and businesses to the state. Because most interstate migration happens among border states, it’s worth taking a look at West Virginia’s competitiveness compared to our neighboring states. The data shows that while West Virginia’s tax environment is…
West Virginia Public Broadcasting - West Virginia residents are expected to receive a 4 percent reduction to their income taxes in 2025, with more cuts potentially on the horizon. Read the full article. While announcing the cuts at a virtual press briefing Wednesday, Gov. Jim Justice said he plans to call a special session of…
West Virginia MetroNews, Charleston Gazette-Mail - Governor Jim Justice wants to double down on tax cuts. Read the full article. Last week, Justice held a ceremony to announce that general revenue collections for the just-completed fiscal year would reach a level to trigger another three to four percent reduction in the state’s marginal income tax…
Charleston Gazette-Mail - Earlier this week, Gov. Jim Justice stood on a stage with balloons, banners and giant scissors to celebrate what his team hailed as a historic revenue announcement. The announcement? State revenues hit a complicated trigger formula which will automatically reduce the personal income tax by about $80 million — resulting in an…
Huntington Herald-Dispatch - The Hope Scholarship Program has officially met state law requirements to become available for all school-age children in West Virginia for the 2026-27 academic year, state Treasurer Riley Moore announced in a news release Tuesday. Read the full article. “This will be a monumental leap forward for school choice, allowing tens of…
Wheeling Intelligencer - The Hope Scholarship — West Virginia’s educational savings account program that provides vouchers to certain eligible students for private and homeschool educational expenses — is on track to be made available to all eligible students in 2026. Read the full article. The State Treasurer’s Office announced Tuesday that the Hope Scholarship program…
WTAP - A program that helps families pay for private schools and homeschooling in West Virginia is expanding. Read the full article. This week West Virginia State Treasurer Riley Moore announced that the Hope Scholarship Program has met legal requirements that will allow it to open up to all school-age children in West Virginia, starting…
Center Square - West Virginia announced it beat revenue estimates by nearly $827 million for the fiscal year, meaning the state will now implement a 3% or 4% personal income tax cut. Read the full article. The tax cut is part is an automatic trigger from House Bill 2526, signed into law in 2023. “When…
West Virginia MetroNews - State Treasurer Riley Moore announced that the Hope Scholarship Program has met state law requirements for opening up to all school-age children residing in West Virginia beginning in the 2026-2027 academic year. Read the full article. The scholarship provides financial support for students to pursue education options outside traditional public school…