This West Virginia Center on Budget and Policy Issue Brief, On the Brink: Closing West Virginia’s Budget Gap, released today, details the various budget proposals offered by Governor Jim Justice and the West Virginia Legislature to close the state’s nearly $500 million budget deficit. Read the full brief.
The legislature passed a budget with major cuts to education and health care, no new revenue, and, again, dipped into the state’s Rainy Day Fund to balance the budget. With Governor Justice expected to veto the budget passed by the legislature, the state’s fiscal status remains unclear. Significant tax cuts implemented over the last decade, continued declines in coal production, falling natural gas prices, and a weak economy have all contributed to the state’s consecutive budget gaps in recent years.
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