Tax and Budget

May 12, 2022 by Sean O'Leary
Proposed Property Tax Amendment Could Jeopardize Local Excess and Bond Levies

People across the state cast ballots this week in West Virginia's Primary Election, choosing the candidates who will run in the General Election this fall. Beyond helping select our next federal, state, and local representatives, West Virginians also voted on renewing or enacting property tax levies. These levies provide critical revenue for local services in…

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April 24, 2022 by WVCBP
New Study Details Impact of Expanded Child Tax Credit

West Virginia MetroNews - Last year’s child tax credit expansion provided families with a revenue source for routine expenses and essential items as well as funding for emergencies and addressing debt, according to a recent report. Read the full article. The Brookings Institution’s Global Economy and Development program released a study detailing the effects of the expanded…

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April 20, 2022 by Sean O'Leary
Martinez, O’Leary: West Virginians Deserve More for Their Money (Opinion)

This coming Monday, West Virginia lawmakers will hold a special session to authorize a $600 million “revolving door” loan fund touted as a way to bring private investment and jobs to the state. Read the full op-ed. While Gov. Jim Justice celebrates it as a “self-sustaining” project, it requires a $600 million up-front commitment from…

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April 13, 2022 by Sean O'Leary
What is Tax Day For?

With Tax Day approaching and West Virginians across the state filing their taxes, it's a good time to remember what our contributions pay for and why it is important that our tax system is fair, transparent, and provides adequate resources to fund the public services and investments that allow our communities to thrive. At the…

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April 6, 2022 by Sean O'Leary
Tax Policy and the 2022 Legislative Session

When it comes to tax policy during the 2022 West Virginia legislative session, what is most notable is arguably what didn't become law rather than what did, as once again a bill seeking to eliminate the state's personal income tax failed to pass. However, a number of other tax bills did make it through the…

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April 1, 2022 by Sean O'Leary
WV Revenue Collection Again Exceeds Lowered Expectations in March

Charleston Gazette-Mail - West Virginia exceeded Gov. Jim Justice’s revenue projections for March, collecting $488.1 million against an estimated $337.987 million. Read the full article. In total, the revenue collection for March was $150.1 million above the governor’s estimates, which Justice has kept low throughout his term as governor. Justice again referred to taking the…

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April 1, 2022 by Kelly Allen
State’s Revenue Collections Blow $740 Million Past the Fiscal Estimate

West Virginia MetroNews - Three-quarters of the way through the fiscal year, state government is running three-quarters of a billion dollars ahead of annual revenue estimates. Read the full article. “Now, not only are we on the rocket ship ride, we’re kicking back and really enjoying ourselves,” Gov. Jim Justice said in a briefing today. “We’re continuing…

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March 28, 2022 by Sean O'Leary
Fiscal Year 2023 West Virginia Budget Recap

Earlier this month, Governor Justice approved the budget passed by the West Virginia Legislature at the end of the 2022 legislative session. Very little in the budget was changed from the flat budget proposed by the governor at the beginning of the legislative session. While appropriations from the base budget (which includes the General Revenue…

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March 21, 2022 by Kelly Allen
Governor Vetoes Millions the House Intended for a Tax Cut, Riling Some Delegates

West Virginia MetroNews - When delegates were discussing whether to embrace a $4.65 billion general revenue budget along with another possible billion dollars in surplus spending, one aspect of their focus was whether the governor would accept a House priority: setting aside $265 million as savings to prepare for income tax reductions down the line.…

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