Associated Press, WCHS, WSAZ, West Virginia Public Broadcasting – U.S. Sen. Jim Justice said he transformed West Virginia’s financial policy from cow dung into gold during his time as governor.
But one man’s gold is another man’s … something else. Newly inaugurated Gov. Patrick Morrisey has taken a closer look under the lid of the state’s coffers, and he said what he has found isn’t so shiny — and it stinks.
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Despite the now-U.S. senator’s assurances that he was leaving the state in glowing financial condition, Morrisey announced a week into his term that he had “inherited” from the Justice administration a projected $400 million budget deficit for the fiscal year starting in July — one expected to grow to over $600 million in the next two years. Contradicting Justice, he said the former governor didn’t find the money to pay for his record $1 billion-a-year cuts to the personal income tax, collections on which make up half of the state’s general revenue fund and 10% of all state expenditures.
