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.”
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