Blog Posts > Center on Budget and Policy: Drop in WV Revenue Collections ‘Self-Inflicted’
August 4, 2023

Center on Budget and Policy: Drop in WV Revenue Collections ‘Self-Inflicted’

Charleston Gazette Mail

West Virginia’s July revenue numbers barely exceeded estimates and came in below actual collections for the same month last year.

According to a release from the office of Gov. Jim Justice, the state provided a historic tax cut in 2023 and revenue numbers still came in above estimates, with personal income tax collections for July totaling $145.6 million, which was $13.9 million above estimate.

“Although our surplus this month isn’t as high as we’ve seen in the past, what this proves is that we’ve been minding the store properly by keeping our base budget flat,” Justice said in the release. “We had phenomenal surpluses last year, and I strongly believe we are going to have a strong surplus this year, too, despite the effects of Bidenomics at work with runaway inflation eating into West Virginians’ pockets.”

Read the full article here.

Donate Today!
Icon with two hands to donate today.

Help Us Make West Virginia a Better Place to Live

Subscribe Today!
Icon to subscribe.

Follow Our Newsletter to Stay Up to Date on Our Progress

Thanks for reading our post 🙂

We have a great newsletter, join below:

By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact