Foreword West Virginia faces a pivotal moment as we begin to emerge and recover from the COVID-19 pandemic and recession. While the pandemic brought many of its own unique challenges that have been addressed by prompt local, state, and government action, an important takeaway that was highlighted during the pandemic was that there are also…
Tax and Budget
West Virginia MetroNews - This weekend’s Sales Tax Holiday in West Virginia is expected to benefit a number of state residents who are hoping to save a few dollars amid the ongoing COVID-19 crisis. Read the full article. “For a family that’s struggling, that can really help,” said Sean O’Leary, a senior analyst with the West Virginia…
Mountain State Spotlight, West Virginia Public Broadcasting, Times West Virginian - On July 1, Gov. Jim Justice announced that in the 2021 fiscal year, which ended the previous day, West Virginia had a budget surplus of $413 million, topping previous expectations for the year. Read the full article. “We’re in great shape in West Virginia,” Justice…
Public News Service - An estimated 346,000 West Virginia children, 93% of all kids in the state, live in households that likely received their first Child Tax Credit (CTC) payments last week. Read the full article. Stormy Johnson, with the Preston County Board of Education and a mother of three children, said the extra cash provided by…
Charleston Gazette-Mail, Daily Advent - Since the coronavirus pandemic began, we at the West Virginia Center on Budget & Policy have been soliciting stories from people all across the state to hear how various issues — unemployment insurance changes, challenges accessing child care, food insecurity, lack of paid leave and more — have affected their…
West Virginia Public Broadcasting - About 39 million families across the U.S. -- including 346,000 children in West Virginia -- are receiving monthly child payments this week from the U.S. Department of Treasury as a part of the federal COVID-19 relief plan. Read the full article. Families will get about $3,000 per child each month.…
West Virginia MetroNews - Parents across West Virginia began noticing new money from the federal government in their bank accounts Thursday, part of the new expanded child tax credit program. Read the full article. The $1.9 trillion American Rescue Plan passed by Congress earlier this year provides monthly payments to adults with children. Basically instead…
WOWK13 - Nonpartisan West Virginia organizations came together at Coonskin Park Thursday to raise awareness for the Child Tax Credit increase. Read the full article. Part of the American Rescue Plan passed this January by Congress, with eligible families in West Virginia and across the country receiving monthly payments of up to $300 per child.…
While the COVID-19 pandemic created havoc in the state's economy over the past year, the state's revenue collections have exceeded expectations. West Virginia ended FY 2021 with total general revenue collections of $4.989 billion, which is $413 million above the original estimates for the year. And while Governor Justice celebrated the revenue report as being…
Public News Service - The latest poll by Americans for Tax Fairness found rural voters overwhelmingly support the idea of corporations and the wealthy paying more taxes, or as it's often put, "their fair share." Read the full article. The American Jobs Plan includes several tax-code changes for only the highest-income Americans, many of whom now pay little or…