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TAG: taxes

Money, money, money: State’s surplus continues to grow

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 ...

Solid state financial trend is grist for tax cut debates

West Virginia state government’s monthly revenue report was way up again, this time going into the swirl of the election just a week away. State revenue for October was almost $148 million ahead of estimates, according to a report distributed by the state Senate Finance Committee. For ...

Maryland might see ‘high’ times ahead

Neighboring Maryland is on the verge of legalizing recreational marijuana. Question 4 on the Maryland ballot asks voters, “Do you favor the legalization of the use of cannabis by an individual who is at least 21 years of age on or after July 1, 2023, in the state of Maryland?” A ...

Gov. says state can’t afford two tax cuts

Gov. Jim Justice, former supporter of property tax cuts for businesses, has concluded the state would get more economic juice from an income tax cut — and that it can’t afford to do both. The governor said the state’s current financial health now means it can afford a significant ...

Mon Commission says it shall not support Amendment 2

MORGANTOWN — In an effort to walk the line between getting its point across and not telling voters what to do in the voting booth, the Monongalia County Commission passed a resolution on Wednesday stating it “shall not offer support for Amendment 2.” Amendment 2 is one of four ...

Revisiting the flat tax

The next time Republicans control all three branches of government they may wish to visit an old idea — the flat tax. When magazine publisher and Republican Steve Forbes ran for president in 1996, the flat tax was at the heart of his campaign. Forbes lost the nomination to Bob Dole, who ...