Tax cuts bring W.Va. to the brink
Gov. Jim Justice and the Legislature need to check their numbers before they send West Virginia into a financial tailspin. Right now, the state is looking at some very expensive new outlays at the same time tax revenue is decreasing, with new tax cuts about to be triggered and Justice requesting even more cuts. So far, the math isn’t adding up to anything good. Let’s look at revenue first: By the end of June, the state had collected $700 million less in taxes than it had by the same time last year, down from $6.48 billion in 2023 to $5.7 billion in 2024, thanks to the personal ...