Blog Posts > State Revenue is $1.189 Million Above Estimate so Far, but Governor Still Wants to Cut Taxes About $110 Million
October 1, 2024

State Revenue is $1.189 Million Above Estimate so Far, but Governor Still Wants to Cut Taxes About $110 Million

West Virginia MetroNews – Gov. Jim Justice expressed optimism that an additional personal income tax cut that he’s been pushing for weeks could still be embraced by the state Legislature.

Read the full article.

Lawmakers went into a special session called by the governor on Monday but adjourned until this coming Sunday without taking up his tax cut proposal. Many lawmakers have expressed caution about whether the state is in solid enough financial shape at this time to absorb the additional cut.

This tax cut would be on top of a 21.25% income tax cut that just went into effect, plus another 4% tax cut that will occur automatically because the state hit an economic trigger. Justice has called for 5% more, although today he said the particular figure doesn’t matter as much as the state demonstrating that it’s steadily whittling away the income tax.

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