CHARLESTON – Two months into the new fiscal year, West Virginia is showing a modest tax revenue surplus, but the state’s finances did not trigger a new personal income tax cut and state departments and agencies have been told to maintain flat budgets for the next fiscal year. According to ...
In his New York Times newsletter, business reporter Peter Coy in September argued that the only real solution for the nation’s rising debt crisis is “more tax revenue.” In other words, the government needs to take more money from Americans who work for a living. Coy, to his credit, ...
The recent economic news for West Virginia can be broken into four categories — excellent, good, caution advised and bad. Let’s start with “excellent.” Local and state officials joined with representatives of Nucor Steel to break ground last Friday on a $3.1 billion plant in ...
The surplus money just keeps piling up in West Virginia’s treasury. The just-released revenue figures for the first four months of the 2023 fiscal year show the state has collected $575 million more than estimates. Add in the $460 million carryover from last fiscal year and West Virginia ...
For Fiscal Year 2022 (which began July 1, 2021), West Virginia’s revenue collections are $394 million above estimates so far. In fact, just this past December alone, tax revenue was $124 million above what the state predicted for the last month of the calendar year. Which got us thinking ...
West Virginia is unique among America’s 50 states. At a convention in Wheeling, Va., in 1861, delegates from Virginia’s northwest counties, which were loyal to the Union, voted to break away from that state over the issue of slavery and their refusal to be part of the Confederate ...