West Virginia MetroNews – West Virginia’s top elected officials are aiming at phasing out the state income tax, but doing so would be a major lift. Read the full article.
The personal income tax represents 43 percent of the General Fund, or $1.97 billion of the base budget this fiscal year. In other words, it represents almost half of how state government pays for the basic services of state agencies.
Over the past several years, West Virginia has had to dip into money that had been set aside to match Medicaid expenses just to meet its General Fund demands.
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