With the end of West Virginia’s 2023 fiscal year on June 30 came bold declarations about the strength of West Virginia’s economy and its historic revenue surplus. A deeper dive into the state’s tax receipts for the year reveals more of a mixed bag: strong tax receipts in the first half of the year slowing…
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Second Meeting Held to Look at Tax Overhaul The history of West Virginia's previous efforts to overhaul its tax system and an overview of tax breaks going back over 100 years were on Monday's agenda of the Joint Select Committee of Tax Reform. Speakers included Revenue Secretary Bob Kiss and Deputy Secretary Mark Muchow at…
Putnamlive.com -- West Virginia saw its total nonfarm employment fall for the fourth straight month, losing 1,900 jobs between April and May, according to a news release from Jobs Count. Read
On July 3, 2010 it was estimated that 6,900 unemployed West Virginians exhausted their unemployment benefits because the U.S. Senate failed to reauthorize the expired jobless aid that was included in the 2009 Recovery Act. It gets worse. By the end of July the number of unemployed workers in West Virginia exhausting their benefits will…
This Father's Day: Helping Working Fathers Two working-family tax credits, the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC), are powerful tools for reducing children's poverty and helping families put food on the table, while boosting the local economy. About 13 million fathers in low- and moderate-income working families received either the EITC…
Earlier this month, Governor Justice approved the budget passed by the West Virginia Legislature at the end of the 2022 legislative session. Very little in the budget was changed from the flat budget proposed by the governor at the beginning of session. While appropriations from the base budget (which includes the General Revenue Fund and Lottery Fund) remained relatively unchanged…
Late in the evening on the final day of the 2024 regular session, lawmakers passed what they referred to as a “skinny budget” totaling $4.997 billion in general revenue for FY 2025. The enacted budget reflects a spending increase of $122 million over FY 2024’s budget, but it is $226 million less than what the…
HB 2014, Governor Morrisey’s “Certified Microgrid Program” legislation, remains under consideration by the West Virginia Legislature. The bill would take local control from counties and municipalities to enforce their own ordinances while diverting millions in property tax dollars generated from High Imact Data Centers. Instead of staying in the community to fund schools, public safety, and other local public…
On Wednesday, the U.S. Department of Agriculture (USDA) published its final rule restricting states' ability to provide Supplemental Nutrition Assistance Program (SNAP) benefits to childless adults living in high-unemployment areas who are struggling to find a steady job. Here is the USDA's fact sheet on the rule. The final rule restricts states' ability to waive…
Associated Press (via NECN.com) -- A report by the West Virginia Center on Budget and Policy concludes the state lost 21,300 jobs during the Great Recession and would have to add 27,000 jobs to regain its pre-recession employment rate. Read