West Virginia News, Weirton Daily Times – West Virginia is sitting on hundreds of millions of dollars in excess tax revenue and federal COVID-19 relief dollars that lawmakers must consider what to do with. Members of the public are also weighing in on where that money should go.
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According to the state Department of Revenue, West Virginia has more than $526 million in excess tax revenue left over after ending Fiscal Year 2022 last June, with more than $1.3 billion in surplus tax collections in the general revenue fund, plus leftover surplus from lottery and excess lottery funds.
The state also is sitting on $678 million left over from the $1.35 billion West Virginia received from the $1.9 trillion American Rescue Plan Act (ARPA) passed by Congress in 2021. Gov. Jim Justice has had a bill introduced on his behalf, House Bill 2883, that would take that $678 million and divide it up.
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